GOALS

• Achieve a 10% cost reduction while fulfilling the technical and HSE requirements without eroding contractor margins.
• Consolidate more than 15 Drilling and Completion Service into a single sourcing event.
• Rationalize the number of current suppliers.
• Reduce time and effort devoted to bid comparison and analysis.

RESULTS

• Including the stages of direct negotiation, the Advanced Sourcing project generated almost $ 100 million in savings (almost 30%).
• Significant reduction in bid comparison time.
• More than 20% supplier rationalization.