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Varel Energy Solutions

Downhole drilling bits and cementing equipment

Procurement Manager

Full-TimeUpdated on 10/23/2026
No salary listed
Expert
Bachelor's
Faridabad, Haryana, India
In Person
Operations & LogisticsProcurement & Sourcing

About the job

Requirements
  • A bachelor's degree in supply chain management or a closely related field is required.
  • A minimum of 10–12 years of purchasing experience is required.
  • Knowledge of purchasing principles and processes is required.
  • Business knowledge to contribute ideas and ask questions with a report or analysis is required.
  • Proficiency with Excel is required.
  • Expertise in SAP is required.
  • Experience with the PCE product line is required.
  • Ability to negotiate supplier pricing proactively to achieve cost targets and participate in improvement and cost-saving programs for purchased materials and services is required.
  • Ability to ensure suppliers understand procurement priorities and meet delivery requirements is required.
  • Ability to develop and maintain sources and data and resolve price differences is required.
  • Ability to demonstrate attention to detail and accuracy and meet deadlines is required.
  • Ability to interact with people from different cultures and disciplines, build relationships, and solve their problems is required.
  • Knowledge of the purchasing module of an ERP system, preferably SAP, is required.
  • Ability to analyze procurement reports, identify trends and contributing activities, and recommend improvements is required.
  • Effective interpersonal, communication, and organizational skills are required.
  • Practical and objective problem-solving skills are required.
  • Integrity and discretion in handling confidential information are required.
  • Ability to understand and communicate accurately, clearly, and concisely in English is required.
Responsibilities
  • Coordinate procurement of goods and services, including raw materials, equipment, tools, parts, supplies, and consumables.
  • Initiate purchase requisitions promptly and at the lowest possible cost while considering quality and reliability, and follow company safety, quality, and continuous improvement policies and procedures.
  • Identify, contact, and negotiate with suppliers regarding pricing, availability, stock, supply agreements, and lead times to meet service needs and sales forecasts; maintain relationships with suppliers for current and potential business.
  • Establish and maintain supplier relationships through effective communication and regular meetings.
  • Identify and recommend cost-saving and process-improvement opportunities.
  • Prepare purchase orders and ensure orders include clear documentation instructions and comply with required specifications; check purchase orders for accuracy.
  • Maintain procurement metrics, including items or services purchased, costs, delivery, product quality, and performance.
  • Own associated procurement processes and continuously improve those processes and systems.
  • Negotiate supplier prices, delivery times, payment terms, and other contractual obligations.
  • Manage supplier performance with attention to pricing, quality, and delivery.
  • Coordinate maintenance of the approved supplier list with procurement, quality, and engineering.
  • Expedite delivery of goods according to requirements and update the ERP system.
  • Discuss defective or unacceptable goods and services with inspection or quality control, users, suppliers, and others to identify and promptly resolve issues.
  • Inform the purchasing team and other divisions of supply issues that may affect business operations.
  • Analyze costs and propose cost-reduction measures to reduce acquisition costs.
  • Discuss price differences with relevant parties and resolve them promptly.
  • Provide information and support for the development of new products, processes, or suppliers.
  • Comply with the Health, Safety and Environment System and apply the Varel International Policy to work activities to support effective, continuously improving production and administrative processes.
  • Lead and actively participate in training activities across different processes and apply communicated concepts.

About the company

V

Varel Energy Solutions

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Varel Energy Solutions designs, manufactures, and supplies downhole drilling and completions products, including roller cone and fixed cutter drill bits and primary cementing equipment, for oil & gas, renewables, and industrial markets. Its products convert drilling energy into cutting action and enable cementing to secure wells, supporting reliable well construction. The company differentiates itself through proprietary design capabilities, efficient manufacturing, and a global sales network with facilities in the Americas, Asia, and the Middle East. Its goal is to be a leading independent supplier of downhole solutions, delivering dependable performance and strong customer service worldwide.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Houston, Texas

Founded

1947

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Simplify's Take

What believers are saying

  • Q1 2026 Middle East demand rebounded, with Saudi Arabia, UAE, and Kuwait momentum.
  • Management reported a $64 million global production order pipeline on March 31, 2026.
  • January 2025 Ace integration and December 2025 Sledgehammer acquisition expand cross-sell opportunities.

What critics are saying

  • Q1 2026 revenue fell to $33.6 million from $48.8 million, squeezing EBITDA.
  • Net debt reached $63.6 million in Q1 2026, limiting downturn flexibility.
  • Oilfield tooling demand concentration makes a 2026 Middle East slowdown existential for growth.

What makes Varel Energy Solutions unique

  • January 2025 Ace Well Technology acquisition deepens VES completions and smart-completions offerings.
  • December 2025 Sledgehammer Oil Tools acquisition broadens casing, cementing, and completion equipment breadth.
  • Q1 2026 V2 Aqueous HPHT Dominus Valve launch adds API 19AC V0 gas-tight capability.

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Company News

Alrai Media Group Co.
Apr 26th, 2026
20.8 million dinars for importing rock drill bits.

20.8 million dinars for importing rock drill bits. April 26, 2026 The Supreme Purchasing Committee of the Kuwait Petroleum Corporation and its subsidiaries approved direct contracting with Varel Europe to supply rock drill bits for the benefit of Kuwait Oil Company, with a maximum value of 20.87 million dinars for a period of 5 years with one optional extension year. The committee also approved the issuance of a set of tenders for the benefit of KOC, including a tender to provide specialized and support labor for operations in northern and western Kuwait, a tender for supplying expandable casing pipes with associated services, and a tender for supplying floating equipment for the marine Jurassic project. 7 minutes ago Learn more TV broadcast Legal advisory services

World Oil
Jan 7th, 2025
Varel Energy Solutions acquires Ace Well Technology, expands completions portfolio

Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), an international supplier of oilfield casing, cementing and completion products. The deal will expand VES' smart completions offerings supporting the offshore and premium market sectors. 

Digital Journal
May 2nd, 2023
Hydraulic Breaker Hammer Market Growth 2023 Along with Business Insights and Forecast to 2029  by Key Players | Indeco , Atlas Copco , Furukawa , Sandvik

Sandvik’s largest acquisition to date was in 2014, when it acquired Varel International Energy Services for $740M.

EUWID
Sep 20th, 2022
Varel expands facilities to Wilhelmshaven, Germany

German containerboard producer Varel is considering building a new mill to make ultra-lightweight recycled corrugated case material at an additional site in Wilhelmshaven, Germany.

Oil and Gas Press
Jul 5th, 2022
Varel acquired Sledgehammerasia on Jul 5th 22'.

Varel Energy Solutions (“VES”) today announced it has acquired Sledgehammer Oil Tools (“Sledgehammer”), an international leader in the supply of oilfield casing, cementing and completion products.