Gulf Oil and Gas accountACCOUNT

Oxy Oman Signs Contracts with Two Local Firms

Source: Times of Oman 5/22/2018, Location: Middle East

Share |
Occidental Oman (Oxy Oman) has signed two oil field service contracts with local Omani companies as part of its in-country value (ICV) strategy that aims to maximise the company’s contribution to social and sustainable economic development in the country.

The signing ceremony was held at Oxy Oman headquarters in Al Ghubra. Stephen Kelly, President and General Manager of Oxy Oman; Sayyed Mohammed bin Ali Al Said, CEO of Value Engineering Centre (VEC); and Khamis Al Hinai, CEO of Hormuz Energy Services (HES), were the signatories. The ceremony was attended by senior executives of Oxy Oman including Abdulkarim Al Ghassani, Vice-President for Supply Chain.

The first multi-year contract was signed with VEC to provide engineering support services for capital projects in Mukhaizna, Oxy Oman’s flagship oil field. VEC will also provide engineering support to the operations team in the field.

The contract with VEC was signed as part of ring fencing, which is an ICV approach of dedicating a certain percentage for bidding among local companies.

The second multi-year contract was signed with HES to provide Oxy Oman with rented centrifuges and solid control engineering services, which are important to control the quality and efficiency of the drilling fluids system.

The contract signed with HES comes as part of the Vendor Development Programme, an ICV initiative to help local companies.

“The contracts signed today reaffirm our long-term commitment to enhance the collaborative efforts of the oil and gas industry to efficiently develop a competitive Omani supply chain. We strongly believe this will increase investment in the country and guarantee the constant prosperity and diversification of its economy,” said Kelly.

“We are committed to developing and growing our investment and to support Oxy Oman to achieve its long-term goals,” said Al Said.

“It is a great opportunity for Hormuz Energy Services to work with Oxy Oman. This will allow us to reach our common goals and work together to serve Oman and will enable us to grow regionally,” said Al Hinai.

This event demonstrates the efforts by Oxy Oman to contribute to the ICV strategy. The contracts are part of Oxy Oman’s endeavour to support programmes that foster economic development under the umbrella of strategic partnerships and continuous collaboration with key stakeholders.

Engineering News in Oman >>

Saudi Arabia >>  8/15/2018 - Jacobs Engineering Group Inc. has received a two-year contract renewal from Saudi Aramco Total Refining and Petrochemical Company (SATORP) for its sub...
Iraq >>  8/13/2018 - Petrofac has been awarded a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the Central Processing Facility (CPF), lo...

United Arab Emirates >>  8/7/2018 - A group of Emirati employees, from the Abu Dhabi National Oil Company (ADNOC), has become the first group of trainees to start a two year professional...
Iraq >>  8/5/2018 - Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare g...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource 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.