Oil and Gas - - SPECIAL EDITION -

Petroleum De­vel­op­ment Oman (PDO) has Omanised its hoist fleet for the first time in its his­tory af­ter agree­ing con­tracts with five lo­cal com­pa­nies worth more than $800 mil­lion.

The com­pany signed the 10-year deals at the Oil and Gas West Asia (OGWA) Ex­hi­bi­tion and Con­fer­ence at a spe­cial cer­e­mony held un­der the aus­pices of HE Mo­hammed Al Zubair, His Majesty’s Ad­viser for Eco­nomic Plan­ning Af­fairs.

The five Omani firms – Abraj En­ergy Ser­vices, MB Petroleum Ser­vices, Cac­tus Premier Drilling Ser­vices, BaO­mar Oil Field Ser­vices and Mideast In­te­grated Drilling and Well Ser­vices Com­pany (Mid­wesco) – will pro­vide work-over ser­vices on wells in PDO’s con­ces­sion area, in­clud­ing mod­i­fi­ca­tion, re­pair and main­te­nance, sus­pen­sion and aban­don­ment.

PDO Ex­ter­nal Af­fairs and Value Cre­ation Di­rec­tor Ab­dul-Amir Al

Ajmi said, “These con­tracts rep­re­sent an im­por­tant mile­stone for us as we de­liver on our In-Coun­try Value (ICV) com­mit­ments for the coun­try. For the first time in our his­tory, our en­tire hoist fleet is fully owned and op­er­ated by Omani com­pa­nies, un­der­lin­ing our ef­fort to re­tain more of the wealth of the oil and gas in­dus­try in the Sul­tanate.”

“These long-term agree­ments are tes­ta­ment to our be­lief that Omani busi­nesses have the abil­ity and pro­fes­sion­al­ism to sup­port our Well En­gi­neer­ing Di­rec­torate so that it can con­tinue to de­liver well ser­vices safely, re­li­ably, ef­fi­ciently, on time and on bud­get.

“At the same time, they of­fer a fan­tas­tic op­por­tu­nity to build the ca­pa­bil­ity and ex­pe­ri­ence of Omani crews as we move to to­wards greater au­to­ma­tion in our well en­gi­neer­ing op­er­a­tions, as well as the op­por­tu­nity to man­u­fac­ture and as­sem­ble some of the awarded hoist units.”

Un­der the terms of con­tracts, the five com­pa­nies will sup­port lo­cal small and medium en­ter­prises (SMEs) and Lo­cal Com­mu­nity Con­trac­tors (LCCs). They will also make con­tri­bu­tions to a fund to train and en­hance the skills and ca­pa­bil­i­ties of Oma­nis who work in the oil and gas sec­tor and be­yond. There are 35 mo­bile units in the PDO hoist fleet, which also in­cludes crews from com­mu­nity-owned Su­per Lo­cal Com­mu­nity Con­trac­tors (SLCCs) Al Shawamikh and Al Baraka, Shaleem Petroleum Com­pany and its own In-sourc­ing or­gan­i­sa­tion, launched to boost op­er­a­tional per­for­mance and com­pe­tency among Omani well en­gi­neers.

The new hoist deals mean the com­pany has now com­pleted 25 of the 53 ICV oil and gas in­dus­try op­por­tu­ni­ties which were un­veiled in the ICV Blue­print Strat­egy doc­u­ment un­veiled by the Min­istry of Oil and Gas in 2013. These were iden­ti­fied as sup­ply chain and ser­vice op­por­tu­ni­ties which could be de­liv­ered in the Sul­tanate, and PDO is lead­ing on the im­ple­men­ta­tion of 43 of them.

PDO charted its ef­forts to sup­port Omani busi­nesses and na­tion­als in a new ICV Jour­ney book­let launched at OGWA, which took place at the Oman Con­ven­tion and Ex­hi­bi­tion Cen­tre. The pub­li­ca­tion show­cases the progress of the com­pany’s ICV pro­gramme and its key mile­stones since its launch in 2012. It also fea­tures PDO’s four key ICV “pil­lars”, ar­eas where it has fo­cused on build­ing up lo­cal ca­pac­ity and ca­pa­bil­ity: goods and ser­vices, Oman­i­sa­tion and train­ing, lo­cal ven­dor de­vel­op­ment and so­cial in­vest­ment.

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