Operation Management Analysis: Abu Dhabi Gas Industries Ltd - Research Paper Example

?Introduction Abu Dhabi Gas Industries Ltd. is known as GASCO was established in the year 1978. It is an UAE based organization received ISO 9001 full corporate wide certification in the year 2008. The vision of the organization is to utilize significant gas resources of the United States of Arab Emirates in order to provide quality energy resource to its business clients. The organization always tries to meet the expectations of the stakeholders, shareholders, community, employees, non governmental bodies and regulatory bodies. ADNOC, TOTAL, PARTEX Oil and Gas and Shell are the shareholders of this organization. The operation of GASCO is engaged in the extraction of oil and natural gas liquids (GASCO). It is one of the leading organizations within the UAE oil and Gas industry. Effective operation management and significant business operation cost control helps the organization to maximize business profit. This report will deal with the organization’s developed and implemented operation management strategies. Discussion Oil and gas industry is considered as the most profitable industry in United Arab Emirates. Intense competition is the major consequence of this industry. Several leading organizations are trying to implement unique business operation strategies in order to maximize business outputs. GASCO is one of the leading UAE based oil and gas producing organizations. The organization always seeks to increase the value of shareholders by providing impressive results in all business operation aspects. The organization always focuses on the performance and end results in order to motivate all the stakeholders and shareholders in the business process. Continuous improvements, innovations and positive journey towards excellence and creativity are the major characteristics of the operation management of GASCO. Following analysis of the operation management strategy of GASCO will help to identify major strengths and issues that are associated with the business operation activities. Analysis GASCO is considered as one of the leading organization within the UAE oil and gas industry due to several reasons. The organization always tries to maintain sustainability in each and every operation management activity in order to avoid the possibility of several external environmental issues. GASCO has a process capability of 5,500 million MMSCFD on daily basis. The organization has become the largest and leading gas processing organization due to its large production capacity. The organization produces 28,000 tons of NGL, 4,500 tons of sculpture and 285,000 barrels of condensate (GASCO). These numbers are simply exceptional. The organization always tries to ensure strong supply chain and distribution network. The organization has four different desert oil and gas plants in United Arab Emirates. Long pipeline network helps the organization to process and deliver end products to several business clients. These manufactured products are used to export all over the world. Now-a-days, the number of global suppliers and distributors of this organization is increasing significantly due to growing market demand in all over the globe. Effective implementation of advanced mechanical technology in the pipeline gas processing and distribution process helps the organization to reduce both business operation cost and time. The organization always tries to maintain the industrial standard in each and every business operation management activities. This oil and gas industry is considered as the most sensitive industry in which high level of risks are associated. In adequate planning and operation activities can create several safety and protection issues. The supply and distribution of these products can affect the safety and protection aspect of environment as the leaking of several chemicals and gas can create huge problem for society and environment. Government developed several regulations and policies for the oil and gas organizations to ensure environment sustainability. In addition to this, ensuring workplace health and safety is an important business operation criterion for the organization. In extraction, manufacturing and processing processes GASCO tries to implement advanced mechanical technology that helps the organization to reduce the possibility of margin of errors. In addition to this, green significant commitment to the local community helped the organization to develop a good and positive reputation among the governmental regulatory bodies, different stakeholders, shareholders and business clients. In terms of logistics and supply chain process, GASCO use fuel efficient logistics vehicles to minimize the carbon emission level. Advanced technological powerful vehicles help the organization to deliver products within the given period of time. Implementation of advanced mechanical technology and use of modern tools in each and every operation management process help the organization to ensure health and safety of entire organizational workforce. This aspect encourages the stakeholders and shareholders to take interest in the developed strategy of this organization. United Arab Emirates is enriched in quality oil and gas resources. The organization used to deal with the effective supply chain networks in order to gain quality resources. The organization tries to give effective value to its stakeholders and shareholders by ensuring high quality end products. Several corporate social responsibility activities and strong relationship with local community helps GASCO to gain significant competitive advantages. The organization always concerns about the growing rate of greenhouse gas emission. It is important for the organization to maintain effective corporate governance to get the support from the stakeholders and shareholders. The organization is trying to implement green start5etggy in each and every business operation process in order to reduce the effect of greenhouse gas emission on the environmental sustainability (GASCO). GASCO developed environmental policies. In addition to this, the organization gives effective training to each and every competent employee in order to enhance sustainable business operation. Effective risk evaluation and management process helps the organization mitigate the possibilities of several critical issues in the business process. The organization always concerns about the safety and health of workforce, community and environment (GASCO). These specific initiatives and strategies in the business operation management process helped the organization to receive the ISO certification. Recently, the organization is working on several major projects that can ensure economic growth of country and environment sustainability. Conclusion It is clear from above discussion that the oil and gas industry in United Arab Emirates is considered a major economic growth driver of the country due to growing market demand in international markets. GASCO is one of the leading and largest gas processing and distributing organizations. It is clear from the analysis of the operation management strategies of GASCO that the organization always tries to ensure high product quality and strong relationship with business clients, stakeholders, shareholders, governmental regulatory bodies and local community. The organization developed a long pipeline network to distribute the processes end products to the business clients in several areas. GASCO focuses on sustainability of the environment and local community. Green business strategies and several initiatives to reduce the greenhouse gas emission is increasing GASCO’s image. Recommendations GASCO is trying to bring innovation and creativity in the business operation to ensure excellence. Following recommendation plans will help the organization to meet its business objectives and corporate goals. GASCO should try to introduce green energy resources as the demand for these substitute energy resources are increasing in global marketplaces. The organization needs to think about the pricing of the end products. Day-by-day, people are seeking for substitute energy resources due to continuous hike in oil and gas fuel prices. GASCO needs to consider the quality of products. They need to integrate more advanced processes and technologies to offer gas and oil that have low emission level. This strategy will help the organization to bring more sustainability in environment. Strong research and development team and skilled workforce will help the organization to meet business objectives and corporate goals. Works Cited GASCO 1. Our Story. 2012. Web. Nov. 2013. . GASCO 2. Our Businesses. 2012. Web. Nov. 2013. . GASCO 3. Corporate Responsibility. 2012. Web. Nov. 2013. < http://www.gasco.ae/web/Corporate/Responsibility.aspx?mnu=cor&lft=1>. GASCO 4. Health, Safety and Environment. 2012. Web. Nov. 2013. < http://www.gasco.ae/web/Corporate/CorpHSE.aspx?mnu=cor&lft=2> Read More