PetroMarker qualified in Achilles

November 2008

PetroMarker was evaluated by the Achilles Joint Qualification System and is now granted its qualification. Most of the oil companies in Norway use Achilles as a screening tool to select their suppliers. The evaluation performed by Achilles ensures these customers that PetroMarker meets the criteria set by the oil industry.

About the Achilles system:

The Achilles Joint Qualification System is a cost effective system where suppliers in an easy and uniform way can advice details on their company and products/services to potential customers. The oil companies and main contractors together represent an annual market of approx. 80 billion NOK.

 The system is developed to cover most procurement needs within the participating companies. It is the subscribers' objective to establish the majority of tender lists based on this qualification system.

The qualification system is a result of the establishment of the EU internal market and the EEA agreement. Laws and regulations regulating procurements made by oil and gas companies with production licenses on the Norwegian and Danish continental shelves require that suppliers of goods and services are selected on the basis of objective criteria and based on public announcement. These criteria are met in the Achilles Joint Qualification System.