Thursday, January 23, 2014

Rowan Companies live on IFS Applications

IFS, the global enterprise applications company, today announced that Rowan Companies plc, a major provider of global offshore contract drilling services, is now live with IFS Applications on the first of its ultra-deepwater drillships.

Rowan’s deployment includes requisitioning, inventory, and EAM functionality to improve efficiencies in its maintenance and inventory operations, including equipment and work management. It also includes the IFS Data Replication tool, which allows Rowan’s offshore assets to operate autonomously even when off-line, with all necessary capabilities of a complete maintenance system, including the ability to transmit maintenance histories back for centralized planning, analysis, and administration.

“For Rowan, using IFS functionality to integrate operational risk assessment with preventive maintenance will enable them to create more effective, cost-efficient maintenance strategies to reduce downtime,” IFS Energy & Asset Management Vice President Patrick Zirnhelt said. “In addition, the autonomy afforded by IFS Data Replication will give Rowan’s jack-ups and drillships around-the-clock access to the application and data.”

ldquo;Our existing computerized maintenance management system was not providing the business benefits we needed. Using IFS Applications should significantly improve how we manage our maintenance and inventory, and provide additional controls that will help us meet increasingly strict regulatory requirements,” Rowan’s Senior Vice President of Operations Support Pharr Smith said. “The IFS user interface is intuitive and easy to use, which should drive better adoption by our employees.”

IFS is one of the world’s leading providers of business software to large and midsize companies within the oil and gas industry. For more than 20 years, IFS has worked closely with leading EPCI contractors, drilling contractors, system/equipment suppliers and asset/plant owners to ensure our solutions meet the oil and gas industry’s stringent requirements. With over 400 project and asset-oriented companies using IFS solutions today, our strategic focus on the oil and gas industry is evidenced in both deep industry expertise and a solid track record. IFS offers flexible, component-based, project-driven business solutions that manage the entire lifecycle of contracts, projects, assets and services.

About Rowan Companies plc

Rowan Companies plc is a major provider of international and domestic contract drilling services with a leading position in high-specification jack-up rigs.  The Company's fleet of 30 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Egypt, Southeast Asia and the Gulf of Mexico.  Additionally, Rowan has four ultra-deepwater drillships under construction with three of the four drillships under three-year contracts.  The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC".  For more information on the Company, please visit www.rowancompanies.com.

About IFS

IFS™is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & assetmanufacturingsupply chain, and projects. The company has 2,100 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.

More information on IFS is available at www.IFSWORLD.com  

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Contact Information

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer