PDO awards contracts to local firms as part of ICV
The two contracts to Seeh Al Sarya Engineering and Galfar Engineering & Contracting, valued at around $779mn, are for work in PDO's operations in northern Oman
Petroleum Development Oman (PDO) has awarded two key contracts valued at around OMR300mn or approximately $779mn to Omani businesses for work in its operations in northern Oman.
Under the terms of the deals, off-plot mechanical work will be carried out by local community contractor (LCC) Seeh Al Sarya Engineering at PDO oilfields at Fahud, Lekhwair and Yibal and by Galfar Engineering & Contracting SAOG at Qarn Alam.
The contracts, which were signed this week at an official ceremony at PDO’s Mina Al Fahal headquarters in Muscat, will run for four years with options to extend into the future.
Both companies have pledged to uphold PDO’s standards on safety, quality project delivery and ICV, including the development and Omanisation of other LCCs and SMEs.
PDO Managing Director Raoul Restucci was quoted in the press release received by arabianoilandgas.com as saying, “We are committed supporters of building local companies which are capable of competing locally, regionally and internationally.
“Local companies play an instrumental role in supporting and diversifying the country’s economic growth and PDO is delighted to support Omani companies which are staffed with committed professionals and are able to deliver great work in our fields, safely and efficiently.”
Seeh Al Sarya Engineering and Galfar Engineering & Contracting SAOG will mainly be responsible for providing off- plot mechanical work.
Working closely with PDO’s National Objectives programme, both contracts will provide around 700 job opportunities for Omanis, who will be trained and developed to international standards.
They will also provide business opportunities to LCCs and SMEs via or beyond the minimum ring fence scope of the contracts.