May 03, 2006
RigNet, Sense Intellifield Sign Global Agreement
HOUSTON, TX - May 3rd, 2006 - RigNet, Inc. and Sense Intellifield AS have signed a global licensing agreement for RigNet to market, sell and support the SiteCom® suite of real-time data management products developed by Sense Intellifield.
The real-time data management service is immediately available to over 120 offshore rigs where RigNet is currently providing communication and network services.
Borge Kolstad, president and chief executive officer of Sense Intellifield says; "RigNet is a leading provider of communications and network services to the upstream oil and gas industry. Making SiteCom immediately available to a large portion of the global offshore rig fleet is a major step in moving the industry toward the efficient use of standards for company-to-company and application-to-application data transfer. Typically, a professional working with real-time data spends over half of his time manipulating and managing data. Through the use of standards and tools such as SiteCom, nearly all of these tasks can be automated. This automation results in a staggering increase in efficiency."
The SiteCom real-time data management service runs on the backbone of RigNet's highly successful data communication services. The SiteCom suite of products will allow RigNet customers the ability to gather, distribute, and manage all data on the rig in real-time.
Both RigNet's communications services and Sense Intellifield's real-time data management products focus on enhancing communications between multiple well sites and end-user client systems and applications. Sense Intellifield will also provide data format conversion tools to allow any vendor that is not yet WITSML compliant the ability to immediately take advantage of this infrastructure.
Omar Kulbrandstad, chief executive officer of RigNet states; "SiteCom is the recognized standard in the industry for real-time data management based on WITSML. Our agreement with Sense Intellifield allows us to be the only independent single-source solution that links multiple drilling rigs with real-time onshore decision centers and applications. Our services now include the complete communications package of voice, video, networking, and real-time data management. These services are available to link any data source offshore with any client system onshore through the standard WITSML format."
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.
About Sense Intellifield AS
Sense Intellifield is today the only independent single-source supplier of all required components to design and build real-time collaboration and decision environments for both drilling and production. Sense Intellifield supplies leading-edge products, systems, and solutions used in these environments, including software tools for real-time data management, visualization, and consulting services related to real-time work processes. Sense Intellifield is committed to providing seamless gathering, distribution, and management of all real-time data and reports from every contractor present on drilling rigs and in production environments regardless of their size. For more information, please visit www.intellifield.no.
