Petroleum Development Oman (PDO) has recently signed three contracts worth USD 35M with Omani firms for the supply and servicing of compressors. The deals are a further example of the Company’s commitment to In-Country Value (ICV) to retain more of the oil and gas industry’s wealth in the Sultanate and develop local supply chains.
PDO has agreed two contracts with Bin Salim Enterprises LLC for the supply of instrument air compressor packages and the maintenance and repair of installed units. It also penned another service deal with PipeLine Supply Company LLC for an existing compressor fleet.
PDO Managing Director Raoul Restucci said: “We are delighted to sign these contracts, which once again show our commitment to investing in Omani businesses and people. “The deals will enable both the local manufacture of vital equipment for our operations and the development of Omani service engineers and repair facilities. “We are working all the time to ensure Omani companies play a greater role in the oil and gas sector and beyond so that we develop competitive, capable, professional and efficient local supply chains.”
Ishaq Al Rawahy, Managing Director of Bin Salim Enterprises LLC, said: “Thank you to PDO for this great opportunity. To have such support can only enhance what we already do for Omanisation. The contract will have a multiplier effect throughout our business and help us to elevate some Omanis to higher levels.”
Compressors are used throughout PDO’s operations to increase well production, maintain reservoir pressure and boost hydrocarbon flow through pipelines.