Oil & Gas Contractor Seawell Expands Further with IFS Applications

Following the successful implementation of IFS Applications in the areas of purchasing, logistics and maintenance, Seawell Ltd (Seawell) has decided to expand its usage of IFS Applications into engineering, project management, job setting, material management, financials and human resources. This confirms Seawell’s strategy of continuing to streamline and grow its global project-based operations by standardizing on IFS Applications as its enterprise solution, and brings the total number of users to 2,500.

Seawell’s engineering division offers engineering, procurement, construction, installation and commissioning services for modification and upgrade projects for drilling facilities and related systems on fixed platforms. It also offers full technical support services for mobile drilling units. The division consists of significant resources of skilled engineering, project management and administration staff. Skills cover drilling equipment, well construction designs, drilling operations and electrical/instrumentation, structural, mechanical, materials and marine disciplines.

"IFS has shown through the evaluation workshops that IFS Applications for EPCI contractors supports Seawell processes and that it has the best competence to help Seawell implement industry best practice," Seawell Ltd. CFO Lars Berthuelsen said.

IFS strategically targets suppliers to the Oil & Gas industry and has delivered solutions to this sector for many years. IFS offers a complete, integrated industry-specific solution that manages the entire project and asset lifecycle from engineering, project management, procurement, material management and fabrication to installation. Customers include Grenland Group, Babcock Engineering Services, Heerema Fabrication Group, Dresser-Rand, Yantai Raffles, STX Europe, Seadrill, Seawell, Apply Sørco, NCA, APL, Hertel, Bergen Group Rosenberg, BWO, Hamworthy Gas Systems and Harland & Wolff.

About Seawell

Seawell is a company providing drilling and well services, its core business being platform drilling, drilling facility engineering, modular rig, well intervention and oilfield technologies. The company has approximately 2,500 skilled and experienced people. Seawell currently operates on nearly 50 installations in the North Sea and has offices in Stavanger, Bergen, Aberdeen, Newcastle, Houston, and Esbjerg, and joint ventures in Abu Dhabi and Kuala Lumpur.

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.