Oracle®

During the year, we successfully implemented a single global Oracle® ERP system. Its 21 modules support all business segments and functions in over 40 countries. This new ‘digital backbone’ replaces numerous aging and disconnected systems and provides a foundation for efficiency improvements and future business growth. Its real-time data has enhanced visibility across our global operations, allowing for faster transactions and ensuring better compliance and control.

Intellectual Property

We continue to invest in research and development. In 2011 we launched 10 new products and filed a record 210 patent applications. We also were the proud recipient during the year of the Utah Genius Award, which recognises companies in the state of Utah, United States, for innovation. This award is based on statistics from the US Patent and Trademark Office.

Boart Longyear, in cooperation with Froude-Hofmann, developed the industry’s first drill rig dynamometer. Shown here, this innovative testing system simulates drilling conditions and loading in a controlled environment prior to rigs being placed in the field.