ADNOC Abu Dhabi National Oil Company

Oct 29, 2020 Assignment Help

1. Introduction:

ADNOC is considered as one of the largest energy company of the world both in case of reserves and production. Ruwais and Umm Al Nar are two oil refineries operated by the company. These two oil refineries are having 18 subsidiary companies at upper level and under it at down level stage of production. The company gas fields at both onshore and offshore level. To increase the supply of local electricity and water utilities, the company export Liquid natural gas. The company provide electricity and water services to petrochemical plants.

Headquarter of ADNOC is located in Abu Dhabi. The building of the company contains sustainable technologies. There are more than 65 floors with an office tower in overall building complex which consists ofcrisis management center, a heritage museum, and other support facilities.

1.2 Objectives of the company:

The primary focus of the company is on strategic areas:

  • Investing in the people
  • Enhancing the company’s performance
  • Increasing profitability
  •  Optimizingefficiencies

1.3 Services of the company:

  • Exploration and production of oil and gas

Abu Dhabi Company for Onshore Petroleum Operations (ADCO)

In Abu Dhabi, ADCO works onshore and in shallow coastal water. The original name of the company was Petroleum Development. The first concession was given to the company on 11 January 1939 but its geological operations did not begin until after World War II. The first oil discovery of oil was made at Bab in 1960. In 1962, the company was renamed the Abu Dhabi Petroleum Company. Then the company started its exports on 14 December 1963. Then in 1973, 25% equity was acquired by government.And it was increased to 60% in 1974. This name Abu Dhabi Company for Onshore Petroleum Operations was adopted by the company in 1978.

Generating new job opportunities:

The company has clear motive of generating new job opportunities working towards the research and development and contributing towards growth in employment rate. Since 1971 they have created thousands of job for the people of Abu Dhabi and they have driven the growth of a diverse knowledge-based economy they also play a key role in the county’s global emergence. Not only this have they also contributed in education sector as well like an engineering education and energy industry Research College and a K-12 school.

Enhancing the company’s performance

The company strives towards success and continuous growth. It has been notice that over the years the company has become one of the leading industries. From past 45 years the company has played a major role in Abu Dhabi’s economic growth and development and also keeping on mind the preservation of hydrocarbons reserves of   the Emirate’s. They also provide operation and management of seaport and also offer oil and gas technical training services in order to enhance services. They are the leading energy producers in the world and the main reason behind Abu Dhabi’s development, growth and diversification. The work has had a positive and lasting impact on the quality of millions of lives. As for the contribution towards society is concerned so since 1971 they have created thousands of job for the people of Abu Dhabi and they have driven the growth of a diverse knowledge-based economy they also play a key role in the county’s global emergence. (OGJ, July 10)

Increasing profitability

They are the leading energy producers in the world and the main reason behind Abu Dhabi’s development, growth and diversification. The company across the entire natural oil chain creating huge network of businesses which is only possible by  including  exploration, distribution, storage ,production and refining to the development of a wide-range of petrochemical products in the industry.

As we all are aware that the company strives for excellence and is continuously working on the growth and development of the country as well as the company itself. (Anon., Oct. 16)

ADNOC

Energy Management Systems structure of ADNOC

As mentioned above the company focuses on overall growth. As stated by the Director Energy Manage Sponsor as large suppliers and consumer of energy the EnMS enables to deliver long-term gas plans under effective and cost effective way. The company has gained benefits of 6% from ENMs. So far the improvement has gone to 6% from the baseline since 2014

Optimizing efficiencies

The cumulative cost savings of US $150 million has been observed and reduction in emission of 3.1 million metric tons of carbon dioxide. The company’s midterm target is to reach to an improvement level of 10% by 2020 almost making the saving of about US $1 billion.

Now they strive for new and innovative ways to maximize the value of pioneering those approaches, the resources and technologies that will make sure that the company is able to meet the demands of every business market and will work towards the contribution of Abu Dhabi’s economy for coming future.

ADNOC

Services

  • Oil

Crude oil production

  • Gas

Gas oil, kerosene, fuel gas, LPG

  • Sulphur and marine transportation
  • Manufacture of petrochemicals

Polypropylene, ethylene, and polyethylene

  • Distribute petroleum products

Marine fuel, gasoline, jet fuel and lubricants.

  • Other services

Oilfield services and oil shipping

Convenience stores

The ownership and operation of gas stations

ADNOC

They provide services like drilling, crude oil production, natural gas, sour gas and liquefied natural gas, refined petroleum products like gasoline, gas oil, kerosene, fuel gas, LPG, liquid and granulated sulphur. Not only this the company also worked in the manufacture of petrochemicals which including polypropylene, ethylene, and polyethylene. Moving on to intermediate chemicals it including liquid and gaseous oxygen and nitrogen, xenon and krypton, some agriculture products include granular urea and ammonia.

They also distribute petroleum products that include marine fuel, gasoline, jet fuel and lubricants. The other services provided are oilfield services and oil shipping, convenience stores, the ownership and operation of gas stations, not only this they also have contributed in education sector as well like an engineering education and energy industry research college and a K-12 school, they also provide operation and management of seaport and also offers oil and gas technical training services in order to enhance services. (Oxford Business Group, 2015)

2. Contribution

2.1 Responsibilities Creation

They also have contributed in education sector as well like an engineering education and energy industry Research College and a K-12 school, they also provide operation and management of seaport and also offers oil and gas technical training services in order to enhance services.

They are the leading energy producers in the world and the main reason behind Abu Dhabi’s development, growth and diversification. The company across the entire natural oil chain creating huge network of businesses which is only possible by  including  exploration, distribution, storage ,production and refining to the development of a wide-range of petrochemical products in the industry.

Responsibilities Modification

As the company works towards its growth and achievements it also understands its responsibilities towards society and these are the reasons why the company is working on providing employment, education and research opportunities. The company looks for its betterment but it also works for the betterment of the society. They are the leading energy producers in the world and the main reason behind Abu Dhabi’s development, growth and diversification. (Molina, 2014)

The company across the entire natural oil chain creating huge network of businesses which is only possible by  including  exploration, distribution, storage ,production and refining to the development of a wide-range of petrochemical products in the industry.

ADNOC Abu Dhabi National Oil Company

Preconceived view of assignment

The six week internship provided a huge amount of knowledge and experience. According to my view this was the best way gain practical knowledge. I feel privileged to be a part of ADNOC internship team.

The internship was a golden opportunity to learn new thing from one of the biggest company.

Learning of the Internship

  • Introduction to Finance support manager function structure and role of responsibilities.
  • Checking the invoice uploaded by supplier at the end of the month.
  • Month end closing activities.
  • Contract review process.
  • Handling General ledgers
  • Cash Management
  • Providing cash forecast budget

The company’s contribution:

  • The company is making its strategy related to a Human resource by having in view the development and formation of mission, vision, and strategy of the business.
  • The company also ensure that there should be proper implementation of plans so that business targets can be achieved.
  • The company also motivate the employees time to time by providing those bonuses and appraisal.
  • It recommends a proper organizational structure to Human resource department so that all the resources can be properly utilized and communication should be proper. (Wilson, 1980)
  • There is proper arrangement of meetings, campaigns and conferences time to time to promote the plans for achievement of the desired target.
  • The company manages the recruitment strategy as well. There is proper structured interviewing of candidates, psychometric tests before hiring them.
  • The company ensures human resource department to make a timely budget for all the plans so that no budgetary issues should be there.
  • It ensures personal development plans for all the employees for their personal growth.
  • Training and development programs are organized time to time for growth of employees.

Explore new methods for learning new techniques which will augment the training process for the purpose to successfully train and develop personnel and improve organizational effectiveness.

This internship would be very beneficial for the future and placements. The experience of the industry would make me the right candidate for the job.

  • Can also apply in ADNOC
  • Practical knowledge hold great value.
  • Made my CV valuable

4. Impact on career

ADNOC Abu Dhabi National Oil Company
  • Contribution of College towards organization and career
  • The college provided the opportunity to work with the organization and gain experience.
  • Internship programs help students learn more and practically implement their knowledge.
  • Focuses on professional growth and development.

Contribution of college towards organization and your career

  • As the college provides these internship programs to the students thus paving the path of great success for the students.
  • Such programs provide job opportunities to the students.
  • Internship programs help students learn more and practically implement their knowledge.
  • Focuses on professional growth and development (Anon., Nov. 15)

Before hiring the employees, company need to have a match of individual and organizational needs. The company also focus on performance and appraisals time to time to motivate the employees. It’s the responsibility of Human resource manager to make sure for proper fit among employees and organization. Thus under career planning practices of the company, main considered facts are:

  • Matching of Individual-Organization before hiring employees
  • Identification of Career Opportunities and Requirements
  • Assessment of potential of employee
  • Instituting Career Development Initiative

The six week internship provided a huge amount of knowledge and experience. According to my view this was the best way gain practical knowledge. I feel privileged to be a part of ADNOC internship team.


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