PDO inks two deals with super local community contractors
The deals were signed by Raoul Restucci, Managing Director of PDO, Sheikh Ghanim bin Dhahir Al Bathari, Chairman of Al Baraka Oilfield Services, and Sheikh Ahmed bin Saif Al Mahrooqi, Chairman of Al Shawamikh Oil Services.
MUSCAT: Petroleum Development Oman (PDO) on Wednesday signed contracts with two Super Local Community Contractors (SLCCs) as part of its In-Country Value (ICV) drive to boost Omani businesses and increase employment opportunities for nationals.
The deals were signed by Managing Director of PDO Raoul Restucci, Chairman of Al Baraka Oilfield Services Sheikh Ghanim bin Dhahir Al Bathari, and Chairman of Al Shawamikh Oil Services Sheikh Ahmed bin Saif Al Mahrooqi at an official ceremony at PDO’s Mina Al Fahal headquarters in Muscat.
The company extended a previous contract signed with Al Baraka Oilfield Services in 2013 to carry out replacement and maintenance services of flowlines in Bahja in the southern part of its concession area, said a company release. The contract value was increased by more than OMR33 million to cover the three-year extension.
The renewed agreement will see Al Baraka execute work related to the Bahja Off-plot Delivery Contract (ODC). This will include engineering, procurement, construction, pre-commission- ing, and commissioning of various equipment, such as off-plot manifolds and flowlines, rig location well pads, overhead lines, and sectional flowline replacements and removal.
PDO also awarded a water drilling services contract to Al Shawamikh Oil Services, under which the contractor will provide all required management and supervision for well services, including installation and maintenance activities. These services will be carried out mainly in North Oman as and when required by PDO, with the potential to expand into South Oman. tively, reliably and professionally,” he added.
Commenting on the development, Al Bathari said: “We highly appreciate the confidence PDO has placed in us to carry out the extra work as stipulated in the agreement. This extension reflects Al Baraka’s continuous improvement and its ability to carry out big projects professionally and efficiently, which places it among the large contractors in the industry.”
SLCCs are closed Omani shareholding companies owned by thousands of individual investors who live in PDO’s concession area. They were established to create career opportunities and develop entrepreneurial skills to provide services to oil and gas companies in Oman in competition with other established local and international companies.
Al Baraka and Al Shawamikh are two of the four SLCCs working in partnership with PDO across its operations. The others are Al Haditha Petroleum Services and Al Sahari Oil Services. All four currently have more than 9,700 shareholders drawn from their local communities and boast of a cumulative share capital value of OMR22 million.