‘Rabab Harweel integrated project progressing well’
On the safety front, the company recorded a record performance with Lost Time Injury Frequency falling 0.20 per million man-hours, albeit tragically with one workrelated fatality. It also recorded a new road safety milestone of 500 million kilometres driven by staff and contractors without a fatality, and with a 40 per cent fall in Serious Motor Vehicle Incidents.
“Our Journey Management Control Centre, which monitors a fleet of more than 8,500 vehicles, has brought about a change in safer driving since it was opened in 2016, with a 97 per cent fall in the average number of violations per vehicle,” Restucci said.
“Safety remains our overarching priority and we have made good progress through greater frontline supervision, tailored training, stricter consequence management, and enhanced hazard and risk identification in our operations. However, there is still much work to do in securing our Goal Zero aspiration of no harm to people, environment or assets. We must do better to ensure all staff, contractors and subcontractors alike, return to their loved ones at the end of every work day,” he added.
PDO reported the Rabab Harweel integrated project—one of the largest projects in its history with a reserve addition equivalent of more than 500 million barrels —is well ahead of plan and budget, and good progress is being made at its second mega project at Yibal Khuff, the most complex venture it has ever undertaken. A total of almost $800 million in capital expenditure savings have been secured on both.
The company will continue to place a greater focus on renewables and energy and water management. The giant Miraah solar energy installation at Amal, which it is developing with partner GlassPoint Solar, is in daily operation and meeting its targets for steam output for use in thermal enhanced oil recovery.
Construction is also progressing on schedule with another eight blocks on track to be completed in early 2019, on top of the four which were commissioned in December 2017. PDO is also expanding its awarding-winning Nimr Water Treatment Plant which currently treats 115,000 m3/d of produced oilfield water using reed beds and, with partner Bauer Nimr, making progress on a bio-saline agriculture trial.
Plant growth from a number of crops has been promising with the potential for commercial application, and the possibility of biomass and oil seed production
During his presentation at the media briefing event to national and international journalists at the Oman Institute of Oil and Gas, Restucci highlighted significant corporate social responsibility advances last year.
These included the creation of 14,146 jobs, training, re-deployment and transfer opportunities for Omanis with PDO contractors and non-oil sectors, such as hospitality, fashion and digital media. PDO also awarded contracts worth more than $5.19 billion to nationally registered firms, the highest sum in its history, and backed a series of new Omani factories and workshops supplying vital parts, equipment and engineering services to the oil and gas industry.
The company also committed to 35 new social investment projects, totalling more than $5.5 million, which will have tangible impacts on the quality of life of thousands of people living in the concession area and beyond. These include the provision of clean drinking water facilities, safe public spaces, and research and learning opportunities. Further support was provided through miscellaneous grants and donations.
Meanwhile, to boost near-term cash flow, PDO made more than $400 million in further cumulative operational and capital expenditure savings through project re-phasing, closer collaboration with contractors and a further comprehensive review and challenge of costs across the organisation.
The company will continue to drive cost reduction through its lean business efficiency programme.
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