Page 73 - ADOC Sustainability Report
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ADOC 2021 SUSTAINABILITY REPORT
SDG ALIGNMENT
Despite the COVID-19 pandemic, ADOC successfully maintained stable operations by meeting all
crude oil production targets, therefore promoting sustained economic growth in a difficult year, as well
as full and productive employment, securing all employee positions.
ADOC are committed to investing in the safety of our operations and report on our EHS performance
on an annual basis. ADOC aligns with Abu Dhabi National Oil Company (ADNOC) requirements at all
times and also follows international best practices to ensure responsible production.
ECONOMIC PERFORMANCE
Our vision focuses on optimizing production and long-term growth. The major targets set at the beginning of 2021 to achieve
this aspiration were:
• Maintain safe and stable operations – Putting the safety of all employees first in order to avoid incidents involving ADOC
staff and disruption to production. This is the most important management philosophy and ongoing goal of the Company.
• Further enhance individual capability and productivity – Improving individual skill, knowledge, and productivity through
daily work to make ADOC stronger and a more competitive company in Abu Dhabi.
• Firmly execute the planned construction and maintenance works within strict time schedules – Avoiding delay of annual
planned construction and maintenance works to ensure safe and stable operations.
FA Department is responsible for financial control at ADOC. The primary roles and responsibilities include the preparation and
control of budgets and management of ADOC’s funds and tax declarations. No new procedures or policies were formulated in
the ADOC FA Department in 2021. We continued to implement the standard systems such as the Oracle Enterprise Resource
Planning tool and ADOC budget book systems to maintain and increase efficiency in the department.
The global economy and oil markets are recovering from the historic collapse in demand caused by the coronavirus (COVID-19)
pandemic in 2020. The global oil stocks excluding strategic reserves, have slowly return to pre-pandemic levels in 2021.
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