RigNet Signs Multi-Year Agreement with Brazilian Operators Offering Managed Communications on Floating Production Storage and Offloading (FPSO) Installations
RIGNET (RNET)
Last rignet earnings: 5/7 04:20 pm
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Source: GlobeNewswire
HOUSTON, Nov. 05, 2019 (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed a multi-year agreement, after winning a public bid with Petrobras, to add fully Managed Communication services with O3B VSAT technology on six of their FPSO installations. This is in addition to four FPSOs Petrobras awarded RigNet last year. This represents RigNet’s ongoing expansion of its portfolio of FPSO deployments for a total seventeen awarded in Brazil alone. Today, RigNet is the only service provider in Brazil to offer O3B connectivity through its Managed Communication Service. RigNet’s global expansion in the FPSO market also includes a multi-year agreement awarded in October to provide Managed Communication Service and deployment of RigNet’s suite of Crew Welfare applications on three FPSOs in Thailand. RigNet’s high-performance O3B connectivity provides its clients with the highest-cap
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