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.
For further information please contact the PDO External Affairs Directorate:
Karima Farid Al Shahaibi,
Media Relations Adviser,
Or Oman LNG:
Talib Al Zakwani
Media Relations and Publications - Oman LNG
Tel: 92880849 / Fax: 24609803
Note to editors: Petroleum Development Oman (PDO) is the major exploration and production company in the Sultanate. It accounts for about 70% of the country's crude-oil production and nearly all of its natural-gas supply. The Company is owned by the Government of Oman (which has a 60% interest), the Shell Group (which has a 34% interest), Total (which has a 4% interest) and Partex (which has a 2% interest). Gas fields and processing plants are operated by PDO exclusively on behalf of the Government.
Oman LNG LLC is a joint venture established by a Royal Decree in 1994 and operates under the laws of the Sultanate of Oman. The joint venture has a shareholding structure comprising the Government of Oman (51%), Shell Gas B.V (30%), Total S.A. (5.54%), Korea LNG (5%), Mitsubishi Corporation (2.77%), Mitsui & Co. (2.77%), Partex (Oman) Corporation 2%, and Itochu (0.92%).