Oil and Gas
UNLOCKING THE GAS POTENTIAL OF OMAN
Halliburton congratulates the Sultanate of Oman on its 40th anniversary of gas production, and the company feels privileged to be a trusted partner in the country’s expanding oil and gas (O&G) industry. Oman’s gas development journey has been very successful since 1978, when the Yibal gas plant was inaugurated by His Majesty Sultan Qaboos bin Said al Said, ushering in the era of gas production in the Sultanate.
As Zeinoun Klink, Company Vice President in Oman, said, “We at Halliburton are proud of playing a crucial role in the development of gas assets in Oman. Our vision is to bring innovative technologies and solutions; invest in in country value (ICV) programmes; and help develop people and local companies, with a strong focus on health, safety, and environment (HSE) and service quality (SQ).”
“We have worked hand in hand as the Sultanate developed its gas assets on the country’s journey to becoming a noted gas exporter among its peers, and we foresee our association continuing to strengthen as this journey unfolds further in the coming years through the Yibal Khuff, Khazzan, Ghazeer, Rabab Harweel, and Budour mega projects.”
Halliburton recognises the challenges faced by operators in Oman in both its conventional and unconventional gas assets, as operators strive to improve well deliverability while managing development drilling and completion costs from complex geology dating back 540 million years to the Precambrian era.
Halliburton Business Development Manager Andrey Krokhin stated, “We at Halliburton collaborate and engineer solutions to maximise asset value for our customers. We have developed and implemented various technologies and solutions in Oman to increase production and reduce cost. We are proud of our contribution in the development of the oil and gas industry in Oman, and look forward to continuous collaboration and value creation for our customers and our country.”
Since 1989, Halliburton has been an active technology partner for the O&G industry in the Sultanate of Oman. It has played a key role in providing best-in-class technology, along with engineered solutions and efficient execution services in partnership with the country’s O&G providers as they developed these O&G assets.
The company’s strategy has always been to provide engineered solutions to improve productivity at a lower development cost, and we are continuing to deliver on this strategy by implementing best-in-class resources (personnel and equipment), working efficiently, and adhering to the world-class HSE standards that are already in place in Oman.
Halliburton has brought in innovative and proven technologies in the domain of stimulation, collaborative well placement (enabling faster drilling at lower costs), well integrity solutions, digital innovations in both cloud computing and software platforms to improve data management, and analytics that are paving the way for optimal asset management.
Halliburton believes strongly in developing in-country talent; over 80 percent of our in-country employees are Omanis, and we are continuously investing heavily in developing local talent through best-in-class training and hands-on experience. We have had heavy involvement in the development of ICVs through our existing contracts and have also assisted local energy entities to garner knowledge of efficient technologies and best practices to implement in Oman.
All these initiatives showcase our endeavour to invest in the growing regional O&G community and to deliver value back to the people of the Sultanate, as they strive toward developing the country’s O&G assets with the most efficient technologies and processes available. “We are proud of our participation in Oman’s O&G development journey so far, and look forward to strengthening this bond even more going forward.”