RigNet and Scorpion Offshore Sign Managed Communications Deal

RigNet, Inc., a leading global provider of managed communications services for the upstream oil and gas industry, announced Monday that it has been selected by Scorpion Offshore Ltd. ("Scorpion") to provide managed communications services for its inaugural fleet of ultra- premium jackup offshore rigs.

Under the terms of the agreement, RigNet will provide complete managed communication services that include IP-based voice and high-speed data communications as well as 24/7 remote network monitoring and technical support. RigNet will also provide local field support as needed wherever the rigs are deployed worldwide.

"We are honored to have been selected by Scorpion to play such a critical role as they prepare to launch their fleet of ultra-premium rigs," said Omar Kulbrandstad, chief executive officer of RigNet. "We look forward to working with Scorpion's management team and are extremely confident in providing the most reliable and robust managed communication services available for the global offshore industry."

Scorpion is currently constructing five ultra-premium LeTourneau Super 116 jackup rigs. Delivery of the rigs will begin in Q2 2007 and continue through Q3 2008. The company will seek global contracts from customers who demand the highest level of customer service, safety and operational performance.

"RigNet is the one company we found that has the global legal presence and local operations to support Scorpion's growth," said Don Gregg, chief operating officer of Scorpion. "Their experience and track record of exceptional communication services in the global offshore oil and gas industry fits our corporate objective of providing the highest levels of customer service and operational excellence."

The multi-year global agreement includes installation of complete, state- of-the-art communications "plug and play" infrastructure on each rig. This allows Scorpion and its customers to have access to superior voice and high- speed data communications the moment they arrive on the rig.

Addressing the communications challenges faced by oil and gas companies today in remote locations, RigNet uses the leading satellite and networking technologies to provide a high-quality solution for broadband data, voice and video communications, as well as real-time data management. RigNet installs, manages and supports communication systems without requiring its customers to invest in and manage expensive telecommunications equipment, allowing them to redirect valuable resources to their core businesses. RigNet real-time data management acquires, distributes and manages real-time and historical well site data.

RigNet, Inc., is a leading global provider of managed communication services exclusively to the upstream 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, Malaysia, Nigeria, Norway, Qatar, Saudi Arabia, Singapore, UAE, and the UK.