UAE-based leading integrated global oil and gas company, ENOC Group has announced a cumulative savings of $23.6 million as a result of implementing innovative ideas submitted by its employees through the group’s innovation program.
The group’s innovation program has received 3,824 recommendations and implemented 332 ideas since its launch in 2012, which, contributed to the group’s significant financial savings.
ENOC employees submitted 661 suggestions to the scheme in 2020 alone. In comparison to 2019, the group adopted 88 of these proposals, which is a 52 percent raise. In comparison to 2019, the implementation of employees’ suggestions resulted in a 10 percent rise in savings.
Speaking of the occasion Mr. Saif Humaid Al Falasi, Group Chief Executive Officer of ENOC remarked that “the UAE has always taken pride in its ability to cultivate innovation and creativity and foster knowledge exchange; all of which are factors that played an immense role in driving the country’s development. As such, the UAE ranks 35 in the 2020 Global Innovation Index, and continues to excel in tertiary education, Information and communication technologies, general infrastructure, and innovative products and services”.
“Our employees have been inspired by our nation’s zeal as they continue to contribute to ENOC’s success to enhance business and operational excellence despite the challenges we faced last year”, Mr. Al Falasi further added.
This year, some of the ideas introduced contributed to energy and power savings, lower operating and maintenance costs, and enhance efficiencies throughout the group’s operations.
The innovation program is built on a hybrid framework that includes Subject Matter Experts and Enablers from the business and support departments who ensure that submitted proposals are assessed and evaluated fairly and objectively.