Category: Oil&Gas

Khazzan: Towards sustainable development

BP is supporting sustainable, socio-economic development in Oman, including education, enterprise development and energy sustainability. More than 33,000 people have benefited from the Social Investment Programme since its launch in 2014. Read more

Committed to national priorities

Isam bin Saud Al Zadjali, CEO, Oman Oil Company shares his thoughts on the company’s achievements, challenges and future direction in an exclusive interview to Mayank Singh.  In 2017 Oman Oil Company completed 20 years of operations. As you look back, what have been the major milestones and challenges for the company? Oman Oil Company […]

Oman's first ESP system plant opens in Sohar
Oman’s first ESP system plant opens in Sohar

Petroleum Development Oman (PDO) has been supplied with the first “Made in Oman” electric submersible pump (ESP) system for its oil operations from a factory in Sohar. The $7.5 million Borets Seven Seas & Co.facility was officially opened on Sunday under the auspices of Dr Ali Bin Masoud Al Sunaidy, Minister of Commerce and Industry, […]

PDO sources well construction parts in Oman  2
PDO sources well construction parts in Oman  

Petroleum Development Oman (PDO) will start sourcing key well construction parts for its oilfields from Oman with the opening of a new $20mn factory in Sohar. Every year, the company spends approximately $100mn on importing casing and tubing from China. However, PDO has worked with Chinese manufacturer Changbao to set up a new tubing threading […]

Port Sohar
Sohar Port inks $600mn oil storage contract with Trescorp

Sohar Port has signed a $600mn oil storage contract with Singapore-based Trescorp. The new facility will have six deep-water berths, with 25 metre drafts, one of them capable of receiving very large crude carriers (VLCCs) of up to 320,000 deadweight tonnage (dwt) — the so-called supertankers. The new terminal will occupy space in Sohar Port […]

Shell Oman celebrates Shell Eco-marathon 2017 teams

Shell Oman organised a special ceremony to recognise the student teams that represented Oman in Shell Eco-marathon Asia 2017, which was held in Singapore earlier this year. The ceremony was held under the auspices of HH Sayyida Dr Mona bint Fahd al Said, assistant vice-chancellor for international cooperation, Sultan Qaboos University. The teams from Sultan […]

Eng. Isam Al Zadjali, Chief Executive Officer of Oman Oil Company
OOCEP closes $1bn pre-export finance facility

Oman Oil Company Exploration & Production (OOCEP) has announced the successful signing of a $1bn loan facility to fund its continued growth and expansion. The new financing agreement is structured as a crude oil pre-export facility with a tenor of five years and contains an accordion option to allow additional funding of $500mn if required. […]

BP Oman
BP launches new season of social investment programme

Representatives from the partner organisations of BP Oman’s $5 million Social Investment Programme on Sunday attended the launch of the new season of the programme. Eng. Yousuf Al Ojaili, President of BP Oman, attended the event and gave the welcoming remarks to the partners at a ceremony, held in Knowledge Oasis Muscat (KOM). BP Oman […]

PDO-backed drilling equipment factory opens in Nizwa

A new PDO-backed factory which will manufacture key well equipment for the oil and gas industry has been officially opened in Nizwa. The Omani company Gulf Energy established the Fishing & Remedial Experts Enterprise (FREE) facility which is set to create up to 70 jobs for nationals. PDO has signed a 10-year contract with FREE […]

PDO signs deals worth $253.1mn with two local companies

Petroleum Development Oman (PDO) has agreed two deals worth $253.1mn to Omanise the provision of vital equipment for the oil and gas industry. The company has signed contracts for the local manufacture and supply of transformers and valves which will be used in its operations and beyond. The deals represent further evidence of PDO’s In-Country […]