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IFS maintains top spot in O&G solutions sector

AvantiKumar | July 8, 2013
Malaysia-based IFS Asia Pacific VP cites ARC study and says its lead position in the global oil and gas industry is due to IFS's enterprise asset management software.

Sridharan Arumugam, VP. IFS AsiaPacific modified 

Photo - Sridharan Arumugam, Vice President, IFS Asia-Pacific.


Enterprise applications provider IFS has been recognised as the number one vendor in market share in enterprise asset management (EAM) and field service management (FSM) software for the oil and gas industry, according to industry and infrastructure research firm ARC Advisory Group.

Citing ARC Advisory Group's new study, Enterprise Asset Management and Field Service Management, Market Analysis and Forecast through 2017,'  IFS Asia Pacific's Malaysia-based vice president, Sridharan Arumugam, said, "We have enjoyed this dominant position in the oil and gas market identified by ARC for a number of years now."

"Our strong position has been enhanced by a growth in new and existing customer relationships, mostly in the offshore EPCI and drilling contractors, asset owners, and equipment suppliers in the oil and gas industries. This is driven by our specialised functionality for the oil and gas industry," said Arumugam.

"The oil and gas industry operates in an environment in which asset integrity management (AIM) is crucial," said ARC Advisory's research director for enterprise software Ralph Rio. "The commodity pricing of the petroleum sector creates extreme pressure to control cost while preventing catastrophic failures across asset classes including offshore oil rigs and pipelines."

IFS customers include Technip, WorleyParsons, Heerema Fabrication Group, Semco Maritime, Reinertsen, Agility Group, Archer, Maersk Drilling, Maersk Supply Services, Odfjell Drilling, Sevan Drilling, PGS, Babcock Engineering Services, VARD, Seadrill, Hertel Group, BW Offshore, and ShawCore.

Established in 1983, public listed company IFS develops, supplies, and implements IFS Applications, a component-based extended ERP (enterprise resource planning) suite to 2,100 customers in about 60 countries.


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