Three contracts for asset management software expert Arnlea

Jim Steele, head of business development at Arnlea

Three contracts for asset management software expert Arnlea

Arnlea, the oil and gas asset management software business, has secured three contracts worth around £2m in total.

Aberdeen-based Arnlea has signed five-year contracts with two North Sea operators for the deployment of Intrinsix Ex, the company’s mobile software inspection and maintenance product used in hazardous operations, on 16 North Sea assets.

In addition, Arnlea has clinched an agreement with Shell in Ireland for two of its software products – Intrinsix Ex and Intrinsix I&M, a product for general inspection and maintenance.

Jim Steele, head of business development at Arnlea, said: “These latest contracts are further endorsements of our products as companies look to make additional efficiencies, support their compliance agenda and improve the flow of operations.

“The UK contracts significantly strengthen the established relationships already in place, while the Ireland agreement bolsters our association with the client.

“Our products are easy to use in the field of operations, while at the same time provide up-to-date information for decision-makers responsible for management, inspection and asset integrity.

“There is huge scope for growth at Arnlea in 2018 and beyond as companies look to digital technologies to improve operational efficiencies, collaborate and reduce costs in a cost-conscious market.”

These latest contracts for Arnlea come on the back of agreements with Chevron and Chrysaor earlier this year.

The Intrinsix suite of products involves the use of handheld technology to provide visibility, accuracy and control of assets to assist in improving mobility, efficiency and reliability and, ultimately, extending the life of the asset.

The software can combine risk-based inspection strategies, integrated solutions and mobile device technology to enable customers to make improvements to efficiency.

Arnlea has invested more than £2m in Intrinsix in the past three years and this level of investment will continue. Intrinsix can operate standalone or integrated with a client’s corporate systems.

Intrinsix enables the receipt, management and relocation of inventory, the visibility and traceability of equipment in logistics activities and the history and condition of an asset.