Petroleum Development Oman (PDO) has awarded two key contracts valued at around OMR300mn or approximately $779mn to Omani businesses for work in its operations in northern Oman.
Under the terms of the deals, off-plot mechanical work will be carried out by local community contractor (LCC) Seeh Al Sarya Engineering at PDO oilfields at Fahud, Lekhwair and Yibal and by Galfar Engineering & Contracting SAOG at Qarn Alam.
The contracts, which were signed this week at an official ceremony at PDO’s Mina Al Fahal headquarters in Muscat, will run for four years with options to extend into the future.
Both companies have pledged to uphold PDO’s standards on safety, quality project delivery and ICV, including the development and Omanisation of other LCCs and SMEs.
PDO Managing Director Raoul Restucci was quoted in the press release received by arabianoilandgas.com as saying, “We are committed supporters of building local companies which are capable of competing locally, regionally and internationally.