Standard tenders for oil and gas industry launched

23 November 2007
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23 November 2007 | Paul Snell

The oil and gas industry has collaborated to make the contracting process easier and cheaper for buyers and suppliers.

The Oil & Gas UK (OGUK) supply chain forum has launched three documents aimed at reducing the cost and time involved in the tendering process. The invitation to tender (ITT) documents will provide a standard layout for suppliers responding to buyers' requests for bids. The three documents will cover tenders for marine construction, topside support, and well services.

Ian Donaldson, chair of the OGUK supply chain forum, said in a statement: "We envisage approximate savings in the region of £25,000 to £50,000 per bid, and given the volume of spending across the industry this will translate into savings running into millions of pounds annually."

The ITT documents will be available on the First Point Assessment website (http://www.fpal.com/pages/links.htm) after 30 November in addition to an ITT for drilling rigs, which is already available for download.

Norman McLennan, supply chain manager at OGUK, said: "The development of these new model ITTs is a further example of the meaningful pan-industry initiative being developed."

OGUK established its supply chain forum earlier this year and it includes representatives from major oil and gas firms, trade associations and small and independent companies.

SMnov2007

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