Offshore Operations & Marine Services

Companies operating in this industry, such as such as FPSO’s and FSO owners and operators, seismic vessels, offshore service vessels (OSV) and other maritime vessels are characterized by operating in a global and legislatively demanding environment. They experience challenges like multi company structure, global logistics, resource optimization, project control and management of investments and operational projects.

IFS offers complete, integrated ERP solutions covering the entire value chain for new builds, modifications and operations. IFS industry solution includes support for engineering, document management, projects, construction, operations, logistics, maintenance, finance and HR. 

IFS Applications is the market leading solution for management, operations and maintenance of advanced offshore assets. Our extensive industry experience is reflected not only in the solution but also our proven track record of successful, rapid implementations.

BW OFFSHORE RELIES ON IFS APPLICATIONS FOR OFFSHORE OPERATIONS

Fritz Ekløff, SVP Corporate IT & Systems, BW Offshore selecting IFS as an ERP vendor. BW Offshore is a leading global provider of floating production services to the oil and gas industry.

BW Offshore Manages Operations with IFS Applications (Part 1)

Industry Excellence

IFS is named as leader in the Gartner’s Magic Quadrant for ERP for product-centric midmarket companies, as well as rated as the leading supplier of EAM software for the Oil & Gas industry by ARC Advisory Group. Many of the leading offshore operations & marine services companies worldwide rely on IFS Applications. 

MULTI EVERYTHING

As mobile asset owner and operators operate in a truly global environment it is critical that an enterprise solution facilitates a multi-company, multi-currency and multi-language approach. The solution must support several types of companies, including offshore, onshore and shore base, operating in different countries with different value added tax (VAT) and other tax requirements. IFS facilitate an easy set-up of and management of companies through the use of wizards, templates and replications jobs. The solution also uses the principle of parallel currency functionality to keep track of transactions, local currency, and functional/reporting currency.

REAL TIME PROJECT CONTROL

To ensure optimum cost and delivery-time management, new build or modification contracts are typically executed as projects. In IFS Project Management, designated project activities, executed within a collaborative network, are the basis for the planning and scheduling of work elements, including equipment and personnel. Configurable operations planning boards allow visual monitoring and tracking of progress, costs and on-going changes. Project engineers need only a moment to see where they’re at.

SUPPORT FOR VESSEL MOVEMENT

Mobile asset owner and operators are continuously exposed to regulatory changes based on the location of the vessel and the corresponding companies. One critical success factor for offshore service companies is the ability to support the history and traceability for the vessel through the lifecycle, including the movements of vessels between asset owners and operating companies, yard stays and modification jobs. IFS Applications for Offshore Mobile Assets supports the connect/disconnect vessel process to and from different types of companies—thereby avoiding the reclassification of vessel due to a lack of history logging.

SUPPORT FOR GLOBAL EXPANSION INCLUDING BRAZIL

IFS has as one of the only ERP vendors in the market released a core version of IFS Applications which supports the legal requirements of Brazil with concurrent updates when legislations changes.

SUPPORT FOR OFF- & ONSHORE COMMUNICATIONS

IFS Instant Replication, a unique solution for rapid replication of data between offshore rigs or vessels and onshore facilities. The solution replicates documents and transactional data in maintenance and logistics processes via satellite. 

INTEGRATED SOLUTION ENSURES HIGH LEVEL OF VISIBILITY & TRACEABILITY

Integrated industry solution securing transactions and increasing visibility & transparency in the operations for equipment, material and people. 

LEADING MAINTENANCE & LOGISTICS SOLUTIONS

Support for operations process planning and execution of maintenance, logistics for material and personnel increases operational efficiency and reduces downtime.

IFS Applications for Mobile assets

Offshore Operations & Marine Services

ERP for floating production, storage & off-loading

When your key assets are production vessels which work offshore in dozens of places around the globe, and were specially converted by engineering and shipyard partners under a complex, multi-year process, those qualities drive particular enter­prise software needs.

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Yinson

 
“We are very pleased to conclude this implementation project only six months after the work began. The rapid deployment was made possible in large part thanks to the dedicated joint efforts of the IFS business consultants working in close collaboration with the Yinson organization. Together, we have implemented a project-oriented industry solution that required no major customizations.”

Brad Neve, CFO, Yinson
 

IFS APPLICATIONS FOR MOBILE ASSETS: THE CFO PERSPECTIVE

Executives in the global FPSO industry are witnessing fundamental changes in their business environment. In the midst of an unprecedented capital investment boom, the global FPSO industry is undergoing significant structural change as well as a fundamental shift in requirements for operational and financial performance.

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