BP 2011 Annual Report Download - page 34

32 BP Annual Report and Form 20-F 2011
In detail
For more information on
contractors, see Working
with partners and
contractors.
Page 69
Contractors and suppliers
Like our peers, BP rarely works in isolation. In 2011, for example, 55% of the
374 million hours worked were carried out by contractors. These individuals play an
important role for BP. During the year we initiated a far-reaching review of the way
we work with third parties, particularly those involved in potential high-consequence
activities. We are now implementing a range of measures based on our findings,
with a focus on six key themes: consistent standards and priorities; fewer suppliers
to enable deeper, longer-term relationships; detailed and systematic selection of
contractors; clear and specific contracts; intensive oversight and verification; and
assurance that supplier personnel are competent.
Our values
“Our approach is built on respect, being consistent and having the courage to do
the right thing. We believe success comes from the energy of our people. We
have a determination to learn and to do things better. We depend upon developing
and deploying the best technology, and building long-lasting relationships. We are
committed to making a real difference in providing the energy the world needs
today, and in the changing world of tomorrow. We are one team – a group of diverse
individuals from around the world united by shared values and a drive to rebuild BP.”
These words, taken from the BP code of conduct, capture what we strive
to stand for as a company – our renewed values. They are an expression of work
done across BP in 2011 to define and renew our principles and values. This work
was carried out in response to the events of recent years, which have caused us
to reflect on what is important and how we do what we do.
We launched our renewed values in 2011. They represent the qualities and
actions we wish to see in BP, and those that BP already demonstrates when it is
at its best. The values are aligned with our code of conduct and are there to guide
the way we do business and the decisions we take, every day. Safety has been
re-emphasized as our number one priority.
Our organization: People and governance
Left In 2011, we purchased
10 blocks in Brazil from Devon
Energy. Here, a worker on the
Deep Ocean Clarion moves
drilling pipes on to the rig.
Above Technicians on board
the Jack Ryan drilling ship,
Angola. In 2011, BP gained
access to five new deepwater
blocks, offshore Angola.