Gulf Oil and Gas accountACCOUNT

PDO and Oman LNG Sign Collaboration Deal

Source: www.gulfoilandgas.com 8/13/2017, Location: Middle East

Share |
Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) have signed a three-year partnership agreement to enhance technical and commercial co-operation.

The collaboration is a consolidation of efforts in relation to staff development and capacity building, where both companies will share knowledge and exchange expertise in various disciplines across the oil and gas industry.

It will underpin both companies’ aim to strengthen co-operation in areas such as In-Country Value to retain more of the oil and gas industry’s wealth in Oman, engineering services, market intelligence, technical assurance, capital projects, cost engineering, health, safety and environment (HSE), contracts and procurement, and Lean business efficiency.

The technical service level agreement was signed today (13 August) by PDO Managing Director Raoul Restucci and Oman LNG Chief Executive Officer Harib Al Kitani at PDO Knowledge World.

Mr Restucci said: “PDO is committed to collaborating with partners both in the Sultanate and beyond in areas of mutual interest which will contribute to the sustainable development of Oman’s economy.

“This agreement builds on the existing strong relationship we have with Oman LNG and will further enhance the performance of both companies through sharing expertise and best practice.

“We are both fully committed to creating value for Oman and fostering staff development and this new accord will enable a more seamless working relationship.”

Mr Al Kitani said: “We continue to press forward to enhance skillsets in the oil and gas industry through staff development and progression. Our collaboration with industry partners enables staff to reach their full potential which builds a strong foundation to deliver In-Country Value and simultaneously enhances the business at large. “We welcome more collaboration on similar activities with PDO and other industry partners.”

The joint agreement will provide secondment opportunities for both companies’ staff to bolster their technical and commercial skills, and pave the way for the exchange of information on the national and international oil and gas markets and the sharing of lessons from areas of challenge.

Investment News in Oman >>

Saudi Arabia >>  6/18/2018 - Lamprell announces an update on its strategy in Saudia Arabia and the development of its local presence in the Kingdom. Lamprell's investment into Sau...
Morocco >>  6/11/2018 - The World Bank announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of d...

Algeria >>  6/4/2018 - Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting muc...
Scotland >>  5/30/2018 - First Minister Nicola Sturgeon announced £4.9 million in funding as part of a £31 million investment being made by Baker Hughes, a GE company (BHGE), ...

Angola >>  5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore A...
Egypt >>  5/23/2018 - Supporting the modernisation of Egypt’s oil industry, the EBRD is providing a US$200 million for major investments in energy efficiency and refurbishm...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

 

Oil & Gas Companies in Oman >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.