Page 43 - Tatweer AR 2022

Tatweer Petroleum | Annual Report 2022 43 www.tatweerpetroleum.com
DURING 2022, THE LOGISTICS TEAM PROCESSED SIX HUNDRED (600) EXPORT AND IMPORT SHIPMENTS AT THE TOTAL COST OF US$ 2.5 MILLION (BD 0.9 MILLION).
Warehouse
At the end of 2022, SCM Warehouse team completed 1,182,342 man-hours without LTI / LTA. Throughout the year, the Warehouse team ‘received in’ materials worth US$ 143 Million (BD 54 Million) and ‘issued out’ materials at a value of US$ 111 Million (BD 42 Million).
Inventory
Material Inventory at the end of the year was valued at US$ 197.0 Million (BD 74.3 Million) in comparison to the end of 2021, which was valued at US$ 147.7 Million (BD 55.7 Million). The increase in inventory value at the end of 2022 was mainly for drilling, exploration, and workover materials.
SCM has also concluded 2022 write-off materials and scrap sale with a total revenue of US$ 3,415,309 (BD 1,288,796).
Exploration and Field Development
 Five (5) Years LTPA for the Supply of Beam Pumping Units (BPUs) US$ 14,376,628 (BD 5,425,143)
 Five (5) Years LTPA for the Supply of Slickline Equipment US$ 1,758,910 (BD 663,740)
Drilling and Workover
 Five (5) Years LTPA for the Supply of Liner Hanger US$ 43,737,061 (BD 16,504,551)
 Five (5) Years LTPA for the Supply of Completion Equipment US$ 37,251,436 (BD 14,057,146)
 Five (5) Years LTPA for the Supply of Float Equipment US$ 21,822,224 (BD 8,234,802)
 Five (5) Years LTPA for the Supply of DV Cementing Tools US$13,171,949 (BD 4,970,547)
Field Maintenance
 Five (5) Years LTPA for the Supply of Master-Flo Spares US$ 5,326,670 (BD 2,010,064)
 Five (5) Years LTPA for the Supply of Koso Kent spares US$ 4,568,265 (BD 1,723,874)
 Three (3) Years LTPA for the Supply of Peroni Spares US$ 3,583,879 (BD 1,352,407)
 Five (5) Years LTPA for the Supply Det-Tronics US$ 2,655,625 (BD 1,002,123)
 Five (5) Years LTPA for the Supply of Weatherford Spares US$ 2,623,192 (BD 989,884)
Logistics
During 2022, the Logistics team processed six hundred (600) export and import shipments at the total cost of US$ 2.5 Million (BD 0.9 Million).
1,182,342
SCM Warehouse team completed one million, one hundred eighty-two thousand and three hundred forty-two man-hours without LTI / LTA.