PDO backs Oman pump project

Times of Oman - - MARKET - Times News Ser­vice

MUSCAT: Petroleum De­vel­op­ment Oman (PDO) has been sup­plied with the first “Made in Oman” elec­tric sub­mersible pump (ESP) sys­tem for its oil oper­a­tions from a fac­tory in So­har.

The $7.5 mil­lion Borets Seven Seas & Co.fa­cil­ity was of­fi­cially opened on Sun­day un­der the aus­pices of Dr Ali Bin Ma­soud Al Su­naidy, Min­is­ter of Com­merce and In­dus­try, said a com­pany re­lease.

The fa­cil­ity will as­sem­ble and ser­vice ESPs — which pro­vide an ef­fi­cient and re­li­able ar­ti­fi­cial-lift method for ex­tract­ing mod­er­ate to high vol­umes of flu­ids from well­bores — for use in oil and wa­ter wells. Borets Seven Seas con­trac­tors will also in­stall, com­mis­sion, test and main­tain the equip­ment in the field.

The plant was opened on the So­har In­dus­trial Es­tate af­ter PDO ne­go­ti­ated a three-year $105 mil­lion con­tract with Borets, a global leader in ar­ti­fi­cial lift sys­tems en­gi­neer­ing, man­u­fac­tur­ing, sales and ser­vic­ing.

Un­der the terms of the deal, which also has an op­tion for a seven-year ex­ten­sion, Borets was man­dated to es­tab­lish the plant in the Sul­tanate, so it can pro­vide train­ing and job op­por­tu­ni­ties for Oma­nis, as part of PDO’s ef­forts to de­velop lo­cal skills and pro­mote In-Coun­try Value (ICV) in hi-tech ar­eas of the econ­omy.

The of­fi­cial open­ing of the fa­cil­ity was at­tended by Dr En­var­bik Fazelianov, Rus­sian am­bas­sador to the Sul­tanate, Borets Chief Ex­ec­u­tive Of­fi­cer Lev Stul­berg and PDO Man­ag­ing Di­rec­tor Raoul Res­tucci. “We are de­lighted that such a lead­ing com­pany as Borets has opened this new state-of-theart fa­cil­ity in Oman which is al­ready pro­duc­ing ESPs for our oper­a­tions,” said Res­tucci.

“We have worked hard to make this hap­pen as fac­to­ries like this will help cre­ate job op­por­tu­ni­ties, de­velop lo­cal tech­ni­cal ca­pa­bil­i­ties, shorten our sup­ply chains and re­duce our costs.”

A key en­abler for this achieve­ment is PDO’s new ESP con­tract­ing strat­egy which is struc­tured in a way that makes it manda­tory for con­trac­tors to set up ESP man­u­fac­tur­ing fa­cil­i­ties in Oman as part of their agree­ments.

“A cen­tral plank of our ICV pro­gramme is to re­tain more of the wealth of our in­dus­try in Oman and this new fac­tory re­ally is ICV in ac­tion.”

“Oman was the first coun­try out­side for­mer Soviet Union states, where Borets started its in­ter­na­tional oper­a­tions in 2005 - that`s why the So­har fa­cil­ity is not just one more project for us. We put our hearts into its con­struc­tion and we will ap­ply our best ef­forts to per­form all our client with high qual­ity and on time,” added Stul­berg. Borets is plan­ning to ex­tend the fa­cil­ity to cater for the as­sem­bly, test­ing and ser­vice of the sur­face com­ponets of the sys­tems, along­side the cur­rent down­hole ones.

Borets is us­ing So­har port to im­port ESP parts, and has opened a path for po­ten­tial co-op­er­a­tion and knowl­edge trans­fer with Sultan Qa­boos Uni­ver­sity and other Omani ed­u­ca­tional and re­search in­sti­tutes.

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