As we stand back and reflect on 2019, I am immensely proud of what the IFS team has achieved in partnership with our customers. With many high-profile customers committing to upgrading to our latest version of IFS Applications, many going live within the year, and the high number of new tier-one players selecting IFS, validates our solution as the best fit for the industry.
The forecast for Energy in 2020 remains opaque due to continuing trade disputes, fears of recession and a general slowdown in economic growth.
However the longer-term forecast is for fossil fuel demand to increase and actually peak between 2035 and 2050 before a sharp drop off as the transition to a net zero carbon economy continues to drive investment. Compounding these challenges, many companies in this space are faced with owning an increasingly aged fleet of assets, which are becoming more costly to maintain, less reliable, more prone to HSE violations and noticeably less attractive for letting onto contracts irrespective of the geographical location of the activity.
It is within this context that we saw many organizations in this industry looking for solutions to improve efficiencies in how they manage their projects, their assets and their global organizations.
OFFSHORE MOBILE ASSET OWNERS
Managing mobile assets—whether drilling rigs, FPSO/FSOs or FRUs—in the international offshore energy industry requires real asset lifecycle capability—from engineering to operations and maintenance—as well as specialist capabilities such as sites moves, data replication and offshore logistics.
This year, I was pleased to see how the developments we’ve made in our latest version, IFS Applications 10, really meet the requirements of our valued customers. With one of the world’s leading FPSOs, Yinson, headquartered in Malaysia and operating across Asia and Africa, upgrading to power growth, ensure local and international compliance, and open up new horizons for innovation.
In addition, BW Offshore, a leading contractor with a fleet of 15 FPSO vessels located in all major producing regions, and another long-standing and highly valued IFS customer, also upgraded to the latest version and will be used onshore and offshore in 13 countries around the world. Read more here.
Where can IFS add value in the international oil & gas value chain?
— IFS (@ifs) November 21, 2019
We also saw new internationally recognized tier-one industry players identify IFS as the best solution for their requirements—with SBM Offshore selecting IFS Applications to sustain its growth and accelerate its digital transformation, and Höegh LNG selecting IFS in the IFS Managed Cloud to standardize global business processes, increase efficiency and reduce costs.
Proving just how well IFS Applications fits the requirements of offshore energy organizations out of the box, Borr Drilling implemented IFS onshore as well as across a number of its rig fleet in just six months.
And we were successful in gaining accreditation from the world’s leading ship and offshore classification body DNV GL, providing Type Approval for IFS Applications 10 for planned machinery maintenance. This certification ensures IFS customers’ compliance to the standards for offshore asset management are maintained—providing validation that our long-standing commitment and investment delivers true business benefit and value to our users.
ENGINEERING & OFFSHORE SERVICES
At many of our customers there are specific individuals that really embrace the value IFS can deliver their team and embody the challenger mindset. To recognize this contribution, IFS ran a campaign focusing on the real heroes within our customers—the Challenger Champions—two of whom come from energy customers in the engineering and offshore services space:
Bjarte Haugland, Area Head for IT/IM at Apply
While managing the upgrade to IFS Applications 10, Bjarte spent some time with IFS’s CMO Oliver Pilgerstorfer and kindly contributed to our biggest World Conference ever. Read Bjarte’s interview on the IFS blog here, and watch his IFS World Conference presentation here.
Marie Sköldenborg, IFS Applications Coordinator at Floatel
How do you provide accommodations for construction workers when their work site is a rig located 500 miles from shore? You turn to Floatel, whose fleet of floating hotels provide comfortable lodgings above deep waters and hostile environments around the world. Marie is responsible for Floatel’s business software suite, ensuring it’s consistent and supporting their business processes. Read her interview with Oliver Pilgerstorfer on the IFS blog here.
LAND-BASED OILFIELD SERVICES
The offshore industry presents many challenges, but on land it’s equally demanding. To meet these demands, Endeavor Energy Resources—one of the top 10 oil and gas producers in Texas’ Permian Basin—opted for IFS Applications as the ERP system of record for its oilfield services division. IFS Applications was chosen to streamline services in the field to enable the Energy Services Division to deliver more value while containing operational cost. For me, this proves the versatility of the IFS solution set.
Endeavor Energy Resources LP to unite 10 divisions on IFS Applications for oilfield services ERP. Read the press release here. https://t.co/c9Zq3Kdg0q
— IFS (@ifs) December 3, 2019
AND SUCCESS FOR OUR CHANNEL PARTNERS TOO
And 2020 is set to be just as significant, with just last week we announced that Awilco Drilling selected IFS to power their state-of-the-art rig fleet. Later this year, the IFS team will be exhibiting at the ONS 2020 event in Stavanger, Norway. If you or your team are attending the conference it would be a great opportunity to meet, let me know.
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