Apr 25, 2006

RigNet Signs Managed Services Agreement with Premium Drilling

HOUSTON, TX - April 25, 2006 - RigNet, Inc., a leading global provider of managed communication services for upstream oil and gas, announced today that it has been selected by Premium Drilling to provide voice and data communications on its fleet of 15 ultra-premium offshore drilling units. RigNet will also provide managed communication services for Premium Drilling's offices in Singapore and Houston.

"We are extremely excited to assist Premium Drilling in launching their global fleet of ultra-premium offshore rigs by providing the most robust and capable communications solution available in the marketplace," said Omar Kulbrandstad, chief executive officer of RigNet, Inc. "The high-quality RigNet solution supports Premium Drilling's goal of developing the company into a recognized first class drilling contractor."

RigNet will provide complete, managed communication services for Premium Drilling's rigs to include voice and broadband data communications, as well as 24 x 7 remote network monitoring and local field support in key oilfield locations around the world. Structured cabling and wireless connectivity will be installed to provide full network coverage on the rigs.

Operators and service companies will be able to use RigNet's pre-installed communication services in a plug-and-play manner, allowing them to easily and securely connect to their corporate network the moment they arrive on the rig. RigNet's solution was designed with the most stringent security requirements in mind. With RigNet, the cost and complexity of having to commission and decommission separate communications systems for operators and service companies are eliminated.

Addressing the communications challenges faced by oil and gas companies in remote locations, RigNet uses the leading satellite and networking technologies to provide a high-quality solution for broadband data, voice and video communications. RigNet installs, manages and supports the communication system without requiring its customers to invest in and manage expensive telecommunications equipment, enabling them to redirect valuable resources to their core businesses.

About RigNet, Inc.

RigNet, Inc. is a leading global provider of IP-based voice, data and video managed services exclusively to the oil and gas industry. The Company holds the prestigious Cisco Powered Network designation, meeting the most stringent standards for network reliability and performance. RigNet has worldwide installations throughout 20 countries and 5 continents, spanning the global offshore drilling and production industry. Based in Houston, Texas, RigNet has offices in Louisiana, Singapore, Malaysia, UK, Norway, Nigeria, Qatar, UAE and Saudi Arabia. For more information, please visit www.rig.net.