20 December 2012

Odfjell Drilling selects IFS Applications

IFS, the global enterprise applications company, announces that the international drilling, engineering & well service company Odfjell Drilling has selected IFS Applications™ for Offshore Service. The contract includes licenses and the first phase of the implementation project.

Odfjell Drilling Group is an international drilling contractor providing mobile offshore drilling units for harsh environment and ultra deepwater drilling operations, platform drilling, engineering and well services. The company currently operates five modern drilling units in Norway, Tanzania, Angola and Brazil and performs drilling services on 20 production installations in the North Sea.

The global nature of its onshore and offshore operations meant that the company needed a full-suite industry solution to support its international growth and contribute to business excellence. After a thorough evaluation process, Odfjell Drilling chose IFS Applications for Offshore Service.

“Our expectations of IFS Applications are high. We expect it to support our work to improve data quality for improved decision making, to improve business processes and increase predictability in our drilling and engineering services,” said Odfjell Drilling CEO Simen Lieungh.

“We are very pleased to be able to welcome Odfjell Drilling to our growing list of customers in the offshore services segment,” IFS Scandinavia CEO Glenn Arnesen said. “The oil and gas industry represents a strategic long-term focus for IFS and we can look back on a large number of important customer wins over the past year. We look forward to assisting Odfjell with our industry solution and expertise to achieve streamlined business processes and profitable growth.”

The IFS solution includes support for maintenance, document management, project management, financials, supply chain management, and human resources. The solution is also equipped with full support for the complex legal requirements that regulate the Brazilian market, as well as IFS Instant Replication, enabling rapid data replication between offshore rigs and onshore facilities.

About Odfjell Drilling

Odfjell Drilling is a privately owned international drilling, well service and engineering company. We have been involved in international drilling operations since the early seventies. Today we have 3000 employees operating in 20 countries worldwide.

More information is available at www.odfjelldrilling.com

About IFS

IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on industries where any of four core processes are strategic: Service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

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IFS discloses the information herein pursuant to the Financial Instruments Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on December 20, 2012, at 2:00 p.m. CET.

Contact Information

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

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Frédéric Guigues

Phone: +46 8 58 78 45 00

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