Sharecat Solutions has secured a contract from COSL Drilling to support the spares-management activity for its newbuild project at Yantai Raffles Shipyard. Under the contract, Sharecat will set up, quality assure and deliver a material master inventory and material-management system with structured information on parts, BOMs and document/tag links for the COSL Pioneer drilling rig.
Sharecat’s scope of work also includes facilitation of the spares-management process. Developed in cooperation with industry users, Sharecat solutions speed time to first oil and gas by increasing the quality and accuracy of the supply-chain information handed over to plant operations. Sharecat solutions have also been shown to improve procurement processes by as much as 90 per cent and cut inventory costs by 20 per cent, according to the company.
