FPSO Contractor BW Offshore Selects IFS Project-Based Solutions
ITASCA, Ill.-(Business Wire)-September 29, 2009 - IFS, the global enterprise applications company, announced today that BW Offshore, one of the world's leading oil and gas Floating Production, Storage and Offloading contractors (FPSO) has selected IFS to provide business application solutions. In 2007 BW Offshore acquired Advanced Production and Loading AS (APL), a market leader in the development, fabrication and sale of turret mooring systems and related technologies for the oil and gas industry. APL has been an IFS customer since 2004, and BW Offshore aims to facilitate the merger and streamline the companies’ business processes by standardizing on IFS Applications.
BW Offshore will implement the IFS project-based business applications to support its major business processes, including project management, material management, human resources, financials and after-sales. The objective is to have an integrated solution, covering all aspects of its business and improving project performance through increased control over the five key success factors for project-based companies; risk, cost, cash, time and resources. The add-on implementations have started in Brazil, and the next step is to continue with the Oslo office, and have the whole group consolidated on IFS Applications during Q2 2010.
BW Offshore SVP Corporate IT & Systems Fritz Ekløff said, “We chose to standardize on IFS Applications based on IFS’ focus and knowledge from project-based industries, the rich project functionality of IFS Applications and its global consulting reach. We share the view on how to apply a standard business application solution in a project environment.”
BW Offshore’s customers include major national oil companies such as Statoil, Petrobas and PEMEX as well as major contractors/ship owners such as Aker-Solutions, PGS and Teekay.
IFS has a strategic focus on the suppliers to the oil & gas and maritime industries, with more than 400 project-driven customers. Customers include Heerema Fabrication Group, Grenland Group, Hertel, Babcock Engineering Services, Serimax, SMIT, Harland and Wolff, ShawCore, Dresser-Rand, Yantai Raffles, STX Europe, Advanced Production & Loading (APL), Sørco, Bergen Group Rosenberg, Hamworthy Gas Systems, RR Offshore, Rotary Engineering, and Shedden Uhde.
About BW Offshore
BW Offshore is a global and leading provider of floating production services to the oil and gas industry. The company is listed on the Oslo Stock Exchange and employs some 1200 people worldwide in business centers across Europe, Asia Pacific, West Africa and the Americas. BW Offshore has 25 years of experience and a solid track record of 14 successfully delivered FPSO projects. Through its technology division APL, BW Offshore is a market leader in the development, production and sale of advanced loading, production and terminal systems with 50 applications delivered worldwide. Adapting through competence, in-house technology, solid project execution and operational excellence, BW Offshore ensures that customer needs are met through versatile solutions for offshore oil and gas projects. BW Offshore is part of the BW Group, one of the world’s largest maritime groups. More information is available at www.bwoffshore.com.
About IFS
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 more than 50 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 $383 million. More information on IFS is available at www.IFSWORLD.com.
IFS Applications is a trademark of Industrial and Financial Systems, IFS AB (publ). All other referenced company or product names are trademarks or registered trademarks of their respective owners.
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