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What’s legit about Rignet ?

What’s legit about Rignet ?. Group C Buy Packet . Mark Slaughter: Chief Executive Officer & President

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What’s legit about Rignet ?

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  1. What’s legit about Rignet? Group C Buy Packet

  2. Mark Slaughter: Chief Executive Officer & President Mr. Slaughter leads RigNet's global business and serves as a member of RigNet's Board of Directors. He has more than 30 years of experience in the energy, telecommunications and remote communications industries, having served in executive and management roles at Halliburton Company, Reliant Energy, United Technologies and Stratos Global Corporation.

  3. Summary of what Rignet does: Managed communications and network services are our core business. That is why we deliver a true end-to-end solution. RigNet provides all the hardware and installs it. We set everything up and provide live, 24x7 monitoring and technical support by oil field-trained personnel. We simplify the billing to assure that you're on budget. RigNet realizes that oilfield communications and network services are not the biggest part of your operation, but their performance and reliability are essential for your success - and ours.

  4. How it operates: In order to support it all, we have offices and field technicians around the world. Our international team continues to deliver more industry-leading expertise in navigating technical and legal challenges in locales worldwide. RigNetday rate includes everything, including our industry-leading 24x7 live end-to-end network monitoring and technical support, as well as on-site service as specified in your agreement.

  5. Locations with offices: Houston, USA Lafayette, USA Aberdeen, UK Stavanger, Norway Singapore Doha, Qatar Macae, Brazil Perth, Australia

  6. Compared to its competitors: RigNetserves the upstream oil and gas industry worldwide No one has a larger global footprint than RigNet. In fact, RigNet has more offshore Voice over Internet Protocol (VoIP) installations than any other provider of rig communications. RigNet-enabled rigs operate worldwide, in environments ranging from established and accessible, to the most hostile and remote. RigNet has the operational expertise and experience to give our customers high-performance remote communications wherever their rigs take them.

  7. Concern for the future and Competition: The overall market rig count lowered slightly in the quarter from 1,692 to 1,680 rigs. We declined as well, from 261 to 250 U.S. Land rigs served, bringing our rig share down to 14.9% in a highly-competitive market.

  8. Moving Forward: Rignet added 2 semi-submersibles, 1 newbuild and 1 taken from competition, and added 3 drillships from the newbuild pool. So while overall offshore rig market share dropped slightly in the third quarter to 31.1% or 251 rigs served out of a market of 808 active and addressable rigs, they did improve the share of floater rigs, which is a big priority for the management team. During the quarter, we opened a new office in South Africa to place management, personnel and equipment closer to growing drilling and production activity across sub-Saharan Africa.

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