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PDO and Oman LNG Sign Collaboration Deal

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

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.

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


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