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RigNet Signs Long-Term Contract Extension with Valaris

Provides Valaris with Stable, Highly Reliable Network to Drive Ongoing Synergy Savings

RigNet, the leading provider of ultra-secure, intelligent networking solutions, announced that it has signed a multi-year agreement with Valaris plc (NYSE: VAL; formerly known as EnscoRowan plc), the world’s largest offshore driller with an offshore fleet that spans all continents. Under this agreement, RigNet will continue to provide Managed Communication Services including VSAT technology and RigNet’s Gulf of Mexico (GoM) 5GE network and the fleet-wide rollout of RigNet’s global multi-band LTE service.

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This agreement is in conjunction with other services currently provided to Valaris including RigNet’s Enhanced Cyber Services (ECS), an integrated cyber offering tailored to improve data and system security by providing real-time threat detection, network visualization, and advanced investigative capabilities across the fleet.

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“We are extremely pleased to continue our long standing partnership with Valaris that spans more than a decade,” said Steven Pickett, Chief Executive Officer and President of RigNet. “This is a testament to our strategy to provide high-performance and secure network connectivity with fully-managed end-to-end IP network solutions using VSAT technology, our GoM offshore network and state of the art global multi-band LTE service.”

RigNet delivers advanced software, optimized industry solutions, and communications infrastructure that allow our customers to realize the business benefits of digital transformation. With world-class, ultra-secure solutions spanning IP connectivity, bandwidth-optimized OTT applications, IIoT big data enablement, and industry-leading machine learning analytics, RigNet supports the full evolution of digital enablement, empowering businesses to respond faster to high priority issues, mitigate the risk of operational disruption, and maximize their overall financial performance.

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