Oman looks to award US$7bn oilfield service deals
PDO sets cut-off date for companies interested in maintenance deals
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Petroleum Development Oman (PDO) has announced that the cut-off date for companies wanting to qualify for US$7 billion worth of oilfield services contracts on the country’s fields will close tomorrow, July 28.
The state-run company is offering four contracts with an annual turnover of $200 million. The contracts cover maintenance and engineering services on Oman’s oilfields and last for seven years with an option for a three-year extension.
The contracts are set to be put out to tender in the fourth quarter of 2009 and awarded in the third quarter of 2010.
PDO is Oman’s largest oil producer and accounts for almost 90% of the country’s crude-oil production. The Oman government has a 60% interest with Royal Dutch Shell owning 34%, French supermajor Total owning 4% and Partex owning 2%.