July 11, 2017 - 8:40 AM EDT
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Leading International Offshore Driller Selects Oniqua to Overhaul Critical Spares Inventory

Driller to utilize Oniqua software and services to reduce downtime, improve reliability and cut costs

DENVER, July 11, 2017 /PRNewswire/ -- Oniqua Intelligent MRO ("Oniqua"), a leading provider of analytics-based MRO inventory optimization solutions for asset-intensive organizations, today announced that one of the leading international providers of offshore contract drilling services for oil and gas wells has selected Oniqua to optimize its MRO critical spare parts and materials inventory.

"Our latest partner in the offshore drilling space has a particular focus on achieving operational performance improvements through a combination of asset reliability, operations and maintenance cost reduction initiatives," said Steve Herrmann, Executive Vice President Sales and Marketing, Oniqua Intelligent MRO. "We look forward to helping them optimize their investment in critical spares and materials that support their maintenance activities to positively impact both reliability and cost reduction objectives."

The international driller operates a fleet of over 50 mobile offshore drilling units, as well as ultra-deepwater floaters, harsh-environment floaters, deepwater floaters, midwater floaters and high-specification jackups.

Oniqua's work with the Company will focus on the optimization of the driller's MRO critical spares inventory. Better management of critical inventory will help to ensure that parts can be more quickly and efficiently transported to, and managed at, work sites. This will help keep the company's rigs up and running without delays, minimize downtime, cut unnecessary costs related to spares and materials, and help avoid other negative consequences related to not having the right parts at the right place and at the right time.

"We'll begin our work by defining a sound critical spares methodology and conducting a thorough analysis of the Company's inventory and active fleet. Then, we'll generate an onshore centralized sparing plan for critical and non-critical inventory. Execution of this plan will, over time, help to optimize the Company's overall operating efficiencies and performance," said Herrmann.

About Oniqua
Oniqua provides Intelligent MRO (maintenance, repair and operations) capabilities that are transforming the way Oil & Gas, Mining, Utilities and Manufacturing companies manage their capital-intensive assets. The Company's unique cloud-based offering combines the world's most advanced MRO analytics technology with analyst services, consulting, master data cleansing and industry expertise to optimize the performance of materials management and operations & maintenance activities. Oniqua does the "heavy lifting" on behalf of customers so they can achieve rapid benefits in the form of reduced waste and costs, minimized risks, greater efficiencies and smarter decisions across their MRO operations. Oniqua is proud to serve many of the world's largest energy and resources companies, including ConocoPhillips, BP, New Gold, Occidental (OXY), ADMA, BHP Billiton, Tennessee Valley Authority (TVA), American Electric Power (AEP), Nebraska Public Power District, Rio Tinto, Newmont Mining, Lundin Mining, Freeport McMoRan and many others. To learn more, visit www.oniqua.com | LinkedIn

Oniqua is owned by international oilfield support services company ASCO. The company employs more than 2,500 people in four key regions, namely the Americas, Europe, Middle East & Africa, and Australasia. The company currently has sales in excess of $1 billion. Through Oniqua and its other businesses, ASCO offers a wide range of services, including inventory and materials management, offshore supply base management, onshore oilfield support, environmental services, personnel and training, advisory and technical services, as well as fuel services. ASCO's global headquarters is based in Aberdeen. To learn more, visit www.ascoworld.com.

Media Contact:
Alisson Moore
Director, Global Marketing
Oniqua Intelligent MRO
+1 303-525-5994
[email protected]

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Source: PR Newswire (July 11, 2017 - 8:40 AM EDT)

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