Page 11 - MEOG Week 09

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ComPanIes
ARO Drilling powers
offshore rig fleet with IFS
applications
ArO Drilling, an offshore drilling contractor that owns, operates and manages a fleet
of premium jack-up rigs in Saudi Arabia,
has reached a deal with global enterprise applications company IFS to deploy its key solutions to unify mission-critical business processes across its headquarters and fleet of 16 offshore drilling rigs.
A joint venture between state oil giant Saudi Aramco and Valaris, an industry- leading, global drilling contractor, ArO Drilling said with this deployment the company aims to consolidate its legacy business software, comprising several disparate systems that were complex and difficult to scale.
“From streamlined procurement and inventory management to more efficient maintenance of critical equipment on our rigs, IFS Applications has made a real difference in how we operate,” remarked Anas Mosa, the IT Director at ArO Drilling.
Following a competitive bid process involving several major ErP vendors, the Saudi group chose IFS Applications based on the platform’s industry-specific functionality and fully integrated architecture.
The IFS solution was rolled out, on time and on budget in nine months, to some 400 full users and 2,000 self-service users across ArO Drilling’s onshore and offshore operations, he stated.
The IFS solution was deployed to support critical processes including maintenance,
supply chain management, finance, and human capital management (hCM) - all fully integrated to the company’s best-of-breed systems.
By running a fully integrated solution the company has been able to gain a centralised view of the entire business, driving quicker and better-informed decision-making, he added.
IFS Managing Director (Middle East) Mehmood Khan said: “There are few industries where project control and asset maintenance and safety are more critical than in the oil and gas sector. Working with some of the world’s leading offshore companies,
we have developed a broad set of industry- specific capabilities that is unique in the market.”
“We are very proud to announce ArO Drilling as the latest addition to our growing list of world-renowned oil and gas customers and we look forward to a long and mutually beneficial partnership,” he added. tradearabIa neWs serVICe
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Port of Fujairah announces $204.2m expansion plans
The Port of Fujairah is to invest AED750 million ($204.2m) over the next two years to expand and upgrade its oil handling infrastructure.
Khalil Ibrahim, chief financial officer at the port, said they are consulting clients to understand their expansion plans, which may require the port to increase its oil handling capacity, from the current 700m barrels annually.
The plans, he added, would increase operational efficiency and improve service.
“These plans are part of the port’s long- term strategy derived from the Government of Fujairah’s directives to always be ahead of the market demand which ultimately aims to maintain the port’s status as one of the leading petroleum ports in the n the world,” Ibrahim said.
arabIan bUsIness
gas
Southern Gas Corridor to be fully open by Autumn 2020
Azerbaijan’s Energy Minister Parviz Shahbazov met with the US Assistant Secretary of State for Energy Kurt Donnelly on February 27 to announce a push to finish the so-called Southern Gas Corridor (SGC), APA reported.
The US is fully supportive of Azeri efforts to become a counterpole to russian imports of gas to Europe. however, the recent Trump administration has cooled off in its overall interest in the project so as not to irk Moscow.
The minister said the gas corridor is nearing its final stages, with it expected to be fully completed before winter 2020.
The minister said: “The US has shown its commitment to both the South Gas Corridor and all regional and global energy projects initiated by Azerbaijan.”
The sides discussed the expansion of the SGC to the Balkans, something countries including Ukraine have been open to, Ukrainian President Volodymyr Zelenskiy stated.
The SGC project envisages the
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