04 June, 2009
Drilling and well service company Seawell selects IFS Applications
Seawell Ltd (Seawell) has selected IFS Applications as its enterprise applications to support the growth of the company’s global project-based operations. The contract includes software, services and maintenance, and has a total value of approximately SKr 13 million over three years.
In 2007, Seawell Ltd demerged from Seadrill, which since 2001 has used IFS Applications components for purchasing, material administration, logistics, and maintenance. The same solution will be implemented at Seawell. The agreement also includes options for the financials, human resources management and engineering register components.
The company has more than 30 years experience as a global provider of drilling and other services in the oil and gas industry. Following the demerger, Seawell has grown from 1,800 to 2,500 employees and expects continued growth for its project-based operations. An important reason for choosing IFS Applications was the fact that the solution is agile and scalable, which makes it ideal for handling growth and change.
” We are investing heavily to ensure that we can offer the market the best applications for project-based industries such as drilling and well service companies, and in recent years we have been very successful in developing the solution and winning new customers in these industries,” said Glenn Arnesen, managing director of IFS Scandinavia.
IFS strategically targets suppliers to the oil & gas industry and has delivered solutions to the sector for many years. IFS offers a complete, integrated industry-specific solution that manages the entire project lifecycle from engineering, project management, procurement, material management and fabrication to installation and after sales. Customers include Grenland Group, Babcock Engineering services, Heerema Fabrication Group, Dresser-Rand, Yantai Raffles, STX Norway Offshore, Seadrill, Seawell, NCA, APL, Hertel, Bergen Group Rosenberg, Hamworthy Gas Systems, RR Offshore, Rotary Engineering, Harland & Wolff, ShawCor and Shedden Uhde.
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a fully-integrated, component-based extended ERP suite built on SOA technology. The company has more than 2,000 customers in 54 countries and focuses on seven main industries: aerospace & defense, utilities & telecom, manufacturing, process industries, automotive, retail & wholesale distribution, and construction contracting & service management. IFS has 2,700 employees and net revenue in 2008 was SKr 2.5 billion.The information is that which IFS is required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on June 4, 2009, at 10:30 a.m. CET.