ADNOC unveils an initiative to raise the efficiency of the bidding process – local economy

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The Abu Dhabi National Oil Company (ADNOC) announced yesterday the implementation of an innovative initiative aimed at increasing efficiency in the bidding process.

The company stated, in a statement, that this program supports ADNOC’s continuous efforts to simplify procurement contracting procedures and achieve the maximum possible value for them, suppliers and service providers dealing with them.

The program aims to unify the terms and conditions for contracting tenders for the purchase and supply of goods and services for drilling and oil fields for ADNOC’s business in the various fields and stages of the value chain for the oil and gas sector. The same terms and conditions for competitive bidding are now applied to all ADNOC bidders and bidders. »Qualified personnel, which reduces the timetable for legal negotiations from months to weeks.

In order to ensure the implementation of this initiative, which is the first of its kind, ADNOC’s legal affairs, in cooperation with the Exploration, Development and Production Department, and the Commercial Affairs and Enhancing In-Country Value Department in the company, have developed the terms, conditions and best global standard practices for the oil and gas sector for the supply of drilling goods and services. And oil fields to support the purchases needed by ADNOC’s activities and operations, across the various stages and areas of the value chain.

The opinions of pre-qualified ADNOC suppliers of goods and services on commercial terms, risks and operational requirements were also taken, and the unified terms and standards of ADNOC were discussed with contractors and service suppliers working with ADNOC.

Jassim Saeed, Senior Vice President of Procurement at ADNOC, said, “This initiative greatly speeds up the process of bidding and submitting tenders significantly at ADNOC. This approach also reflects our efforts to develop business processes across our projects and businesses, and to enhance flexibility and adaptation. With the requirements of rapidly developing and changing energy markets ».

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