RigNet is selected to provide Intelie Live, its machine learning based platform, across BP’s drilling fleet
HOUSTON, Nov. 04, 2019 (GLOBE NEWSWIRE) -- RigNet (NASDAQ: RNET, the Company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed a multi-year agreement with BP (NYSE:BP), one of the world’s largest exploration and production companies. RigNet’s Intelie Live will deploy its machine learning based analytics in BP’s Remote Collaboration Center, in order to improve operational efficiency and productivity across BP’s drilling operations.
“RigNet’s Intelie Live has demonstrated the potential of the solution with its speed to meet our requirements and expectations,” said Paul Forman, VP Global Solutions (Global Wells Organization) of BP. “Utilizing Intelie Live in our Remote Collaboration Center has the potential to improve the safety of our operations and the reliability of the wells we construct while reducing costs by improving the efficiency of our work through the effective use of our data.”
Intelie Live will be used to process, map and integrate tens of thousands of unique data elements into a single data platform to improve data quality and enable real-time decision making across multiple systems. Intelie Live enables visualizations for internal teams to provide real-time operating status across a wide range of equipment type and configurations.
“BP’s selection of Intelie Live is based on Intelie’s ability to quickly implement the platform to meet BP’s requirements,” said Steven Pickett, Chief Executive Officer and President of RigNet. “Intelie’s experience in the Energy sector has helped companies like BP accelerate their digital transformation journey.”
About RigNet, Inc.:
RigNet (NASDAQ: RNET) delivers advanced software 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. RigNet is headquartered in Houston, Texas with operations around the world. For more information, please visit http://www.rig.net.
Forward Looking Statements
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Investor Relations Contact:
Lee M. Ahlstrom
Senior Vice President and Chief Financial Officer
Tel: +1 (281) 674-0699
Source: RigNet, Inc.