Odfjell Drilling will implement IFS IoT Business Connector to make data captured by drilling rig assets accessible in its enterprise software suite IFS Applications.
For drilling contractors, long-term asset management and maintenance are top priority since downtime directly affects revenue and results. To monitor asset performance, Odfjell Drilling is implementing the IFS IoT Business Connector, which is set to be up and running in Q2 2018.
"Now more than ever, we have to adapt with smart new digital solutions to stay competitive and profitable. IFS helps us achieve that and we have had a positive experience with the company's people and technology since we first started to use IFS Applications three years ago,” Tor Tjeldnes, CIO at Odfjell Drilling, said in a statement.
“The IoT Business Connector will give us better control of the maintenance of our assets, and we are excited to see the positive effects this will have for our company in terms of asset reliability, service performance and cost savings."
The IoT Business Connector is a seamless integration into IFS Applications that enables data to be pulled from a high number of assets for learning, adapting and implementing optimizations in a highly efficient way, the company said.
The solution enables Odfjell Drilling to have assets on their rigs transmitting condition readings to IFS Applications, which then form the basis for planning and optimizing maintenance activities. This will allow Odfjell Drilling to act more rapidly to service needs and work proactively to prevent problems before they arise.
“This is a testament to our strong position in the oil and gas market and we look forward to continue our partnership with Odfjell and other drilling contractors on their digitization journey. There are large opportunities to improve operations and save costs, and we look forward to working with our clients to achieve this," said Glenn Arnesen, CEO of IFS in Scandinavia.