{"id":1011160,"date":"2021-05-04T20:31:36","date_gmt":"2021-05-05T00:31:36","guid":{"rendered":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/adnoc-streamlines-contracting-process-offshore-oil-and-gas-magazine\/"},"modified":"2021-05-04T20:31:36","modified_gmt":"2021-05-05T00:31:36","slug":"adnoc-streamlines-contracting-process-offshore-oil-and-gas-magazine","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/offshore\/adnoc-streamlines-contracting-process-offshore-oil-and-gas-magazine\/","title":{"rendered":"ADNOC streamlines contracting process &#8211; Offshore Oil and Gas Magazine"},"content":{"rendered":"<p><p>Offshore staff<\/p>\n<p>ABU DHABI, UAE  Abu  Dhabi National Oil Co. (ADNOC)  has implemented a program to improve efficiency in its tendering process.<\/p>\n<p>This standardizes the terms and conditions for procurement of  drilling and oilfield goods and services so that all pre-qualified bidders are  now subject to the same terms and conditions in competitive tendering.<\/p>\n<p>One benefit, according to the company, is a reduction in the  timeline for legal negotiations from months to weeks.<\/p>\n<p>ADNOCs Legal Function, supported by its Upstream and Commercial  & In-Country Value Directorates, developed global and oil and gas industry  standard best practice terms and conditions for drilling and oilfield goods and  services to support the procurement process.<\/p>\n<p>It also sought feedback on commercial, risk and operational  requirements from pre-qualified goods and services providers and negotiated  ADNOCs standardized terms.<\/p>\n<p>Jasim M. Saeed, senior vice president, Group Procurement, said: The  approach underscores our efforts to drive commerciality across our business and  proactively respond to the demands of a fast-evolving energy landscape.<\/p>\n<p>More than 1,100 international companies and United Arab Emirates  agent companies have signed up to the program. Participants include Baker  Hughes, Halliburton, Schlumberger, and Weatherford.<\/p>\n<p>Hans Klampferer, vice president, Middle East & North Africa at  Weatherford, said: With the successful completion of this initiative, the  contracting process with ADNOC has been greatly simplified and made more  efficient and transparent.<\/p>\n<p>Hichem Bouhlel, Managing Director at Schlumberger, added: We  believe the resulting alignment around a set of optimized contractual terms and  conditions will further enhance our strategic partnership<\/p>\n<p>ADNOC plans to expand the initiative to encompass process technology  licensing and construction agreements.<\/p>\n<p>05\/04\/2021<\/p>\n<p><!-- Auto Generated --><\/p>\n<p>See more here: <\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.offshore-mag.com\/regional-reports\/middle-east\/article\/14202559\/adnoc-streamlines-contracting-process\" title=\"ADNOC streamlines contracting process - Offshore Oil and Gas Magazine\">ADNOC streamlines contracting process - Offshore Oil and Gas Magazine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Offshore staff ABU DHABI, UAE Abu Dhabi National Oil Co. (ADNOC) has implemented a program to improve efficiency in its tendering process. This standardizes the terms and conditions for procurement of drilling and oilfield goods and services so that all pre-qualified bidders are now subject to the same terms and conditions in competitive tendering <a href=\"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/offshore\/adnoc-streamlines-contracting-process-offshore-oil-and-gas-magazine\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187814],"tags":[],"class_list":["post-1011160","post","type-post","status-publish","format-standard","hentry","category-offshore"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1011160"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=1011160"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/1011160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=1011160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=1011160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=1011160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}