ADG Global Supply today issued a market update announcing a new Global Procurement and Supply Chain Management contract with Traverse Drilling International for the next three years.
The projected contract value is in excess of $25m.
ADG Global Supply (ADG) will manage Traverse Drilling’s sourcing, purchasing, industrial supply, logistics and supply chain management activities.
Rob Thurston, commercial director of Traverse Drilling said, “ADG will be instrumental in increasing our operational efficiency through a streamlined supply and service offer. Their global reach, industry knowledge and advanced systems are capabilities that Traverse could not replicate in our current growth phase."
ADG’s managing director John Mancini said, “the signing of this contract with Traverse Drilling is in line with the company’s strategic objective to provide fully integrated end-to-end supply chain solutions."
"We are well equipped to support Traverse Drilling on a global scale to meet its operational, procurement and supply chain requirements in Papua New Guinea and other developing regions.This contract allows Traverse Drilling to concentrate on its core competency, being drilling.