IFS Norway AS and Det Norske Veritas (DNV), have agreed to combine their maritime know how and market leading technology by developing a unique IT solution for the international maritime market. The solution will become the first of its kind on the global market and is initially focused on ensuring stable and safe operations of oil production vessels offshore – FPSOs/Floating Production, Storage and Offloading.

DNV Software (DNVs business unit for software solutions) and IFS (supplier of ERP business solutions)respectively, represent some of the leading edge environments within their markets. The solution they are about to jointly develop will cover all phases in the life cycle of a floating oil production vessel, i.e. the design of the vessel, the construction and the operation offshore. This is a new concept where two leading players join forces by combining their expertise about construction of the hull and maintenance of such asset intensive operations. The solution will provide completely new opportunities to make fast and sound decisions to minimise downtime in the oil production without compromising the safety on board.

During the next 5 years it is expected that approximately 60 FPSO vessels will be built on the world-wide market. DNV Software’s FPSO Package will be utilised in a number of these projects for design and strength assessments. Combined with the IFS Applications, the new solution will enable the operators to maintain a higher level of maintenance and thereby reduce down time in the offshore oil production from these vessels.