Parker Drilling Company Selects Ivara's Suite of Maintenance and Reliability Solutions to Improve Service to Oil & Gas Customers
Burlington, Ontario - November 29, 2000 - Ivara Corporation, a leading supplier of Maintenance and Reliability solutions, announced today that Parker Drilling Company has selected Ivara's software to assist in asset management. Parker is a global provider of oil and gas drilling services and equipment.
Ivara will provide Parker Drilling with the Ivara.EAM and Ivara.EXP software offerings and consulting services. Ivara.EAM is an Enterprise Asset Management solution that improves the efficiency of maintenance processes such as work order planning and scheduling and MRO (Maintenance, Repair & Operations) inventory. Ivara.EXP collects equipment condition values, diagnoses the overall condition of the equipment and proactively identifies the needed maintenance.
Parker Drilling selected Ivara software because Ivara has experience in the drilling industry and offers flexibility to meet Parker's specific requirements. Ivara's multi-site capabilities will allow Parker Drilling to roll out a consistent maintenance strategy to their rigs located around the world. Use of the software will begin early 2001.
"This project is a continuation of our strategic plan to integrate the latest technology into all segments of our business," says James W. Linn, Executive Vice President and Chief Operating Officer of Parker Drilling Company. "Their experience in the contract drilling industry and specialized technology solutions fit our global asset management needs."
"Parker's mission in the project is to continue to improve their level of service to their customers. Ivara has products and services to assist Parker in becoming a leader in asset management in the drilling industry." said Bill Shaw, President and CEO of Ivara Corporation.
About Ivara Corporation Ivara specializes in providing companies with advanced Maintenance and Reliability solutions. All of our software and consulting services are designed to help companies improve the reliability of their equipment and to speed up their time to benefit. Ivara is licensed by Aladon to provide Reliability-Centered Maintenance 2 (RCM2) consulting.
For more information about Ivara and its maintenance and reliability solutions, please visit Ivara Corporation's Web site at http://www.ivara.com or call toll-free 1-877-746-3787 in North America or +1 905-632-8000 outside of North America.
About Parker Drilling Company Parker Drilling Company (NYSE: PKD) is a Tulsa-based global energy company specializing in offshore drilling and workover services in the Gulf of Mexico and international land and offshore drilling. The company also operates Quail Tools, a provider of premium rental tools for oil and gas drilling. Parker Drilling has 80 marketable rigs and employs more than 3,300 people worldwide.
Copyright 2000 Ivara Corporation. Ivara is a trademark of Ivara Corporation. All products mentioned are trademarks or registered trademarks of their respective companies.
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