Stay updated with breaking news from Kamel jammeli. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Abu Dhabi National Oil Company (Adnoc) has implemented an initiative to drive efficiencies in its tendering process to enhance its approach to procurement and maximise value for the company and its suppliers and service providers. ....
ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC The Abu Dhabi National Oil Co. (ADNOC) reported Tuesday that it has implemented an initiative standardizing procurement terms and conditions across its value chain. The new oilfield procurement process subjects all bidders to the same terms and conditions in competitive tendering and shrinks the timeline for legal negotiations from months to weeks, ADNOC pointed out in a written statement emailed to Rigzone. The firm added that more than 1,100 local and international principal companies – including oilfield service providers Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), Baker Hughes (NYSE: BKR), and Weatherford (OTCMKTS: WFTLF) – have signed up for the program. ....
ADNOC Announces Industry-Leading Initiative to Drive Efficiencies in its Tendering Process édité le 04/05/2021 - Plus de news de ADNOC - Voir la fiche entreprise de ADNOC - Initiative standardizes the procurement terms and conditions across ADNOCs value chain - All bidders are subject to the same terms and conditions in competitive tendering, reducing the timeline for legal negotiations from months to weeks - Over 1,100 local and international principal companies sign up, including ADNOCs largest oilfield service providers The Abu Dhabi National Oil Company (ADNOC) announced today, it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This program supports ADNOCs ongoing efforts to enhance its approach to procurement and maximize value for ADNOC and its community of suppliers and service providers. ....
Adnoc is in the midst of delivering a 2030 strategy that involves significant capital expenditure. The company has a target of increasing capacity to 5 million barrels per day, from about 2.8 million bpd currently. It is also planning substantial investment in downstream projects, including a new Ruwais Derivatives Park being developed jointly with state holding company ADQ that is building the infrastructure for a major chemicals hub. Last year, the UAE s Supreme Petroleum Council approved Adnoc s Dh448bn investment programme over the next five years. In December, the company said it will expand its In-Country Value localisation programme, with a view to directing about Dh160bn back into the local economy. ....
ADNOC announces industry-leading initiative to drive efficiencies in its tendering process ABU DHABI, 4th May, 2021 (WAM) The Abu Dhabi National Oil Company (ADNOC) announced today, it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This programme supports ADNOC’s ongoing efforts to enhance its approach to procurement and maximise value for ADNOC and its community of suppliers and service providers. The programme standardises the terms and conditions for the procurement of drilling and oilfield goods and services across ADNOC’s entire value chain. As a result, all of ADNOC’s pre-qualified bidders are now subject to the same terms and conditions in competitive tendering, reducing the timeline for legal negotiations from months to weeks. ....