PDO Marks 10 Year Anniversary Of The Launch Of Its In-Country Value Programme
Petroleum Development Oman (PDO) held its annual In-Country Value (ICV) Day ceremony to mark the 10th anniversary of the launch of its ICV programme and to celebrate the winners of the Raoul Restucci ICV Award (RICVA), who have gone the extra mile in supporting Oman’s economic development.
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The Company's ICV programme achieved unparallel success throughout the past 10 years by maximising the total spend retained in the country to benefit business development, contribute to human capability development, and stimulate productivity in the Omani economy.
The ceremony, which was held under the auspices of H.E. Qais bin Mohammed Al Yousuf, Minister of Commerce, Industry, and Investment Promotion and in the presence of many officials from the government and private sectors, highlighted PDO's main achievements in ICV throughout the past 10 years.
Winners of the Raoul Restucci Award for In-Country Value (RICVA Awards), previously known as the ICV Awards, were also officially announced during the ceremony. The RICVA Awards consisted of five categories and the winners are: Arabian Industries Clad LLC (Best Local Manufacturing Facility); Al Shawamikh Oil Services SAOC (Best National Objectives Employer); Al Baraka Oilfield Services (Best Contractor in ICV Delivery); Al Ghalbi International (Best Performing Local Community Contractor); Rihal - Data Migration and Services LLC (Best Performing SME).
PDO Managing Director Steve Phimister said: “This is truly a special event recognising the excellence of our partners who contribute to ICV and support a positive and competitive business culture where the words “local content" are a badge of distinction.
“We look forward to continued collaboration with our contractors and fellow operators to ramp up our efforts and achieve the full potential within ICV as we continue our journey and maintain momentum.
“We have new themes that our ICV strategy will focus on to accommodate shifts in the industry over the coming years including Technology, Digitalisation and Energy Transition".
In addition, during the event PDO launched the first phase of the “Rakhaa" digital platform which comes as part of an initiative aiming to build the capabilities of young Omanis and provide opportunities in the field of content creation. The platform will connect freelancers and small and medium-sized enterprises (SMEs) with local customers including government and private institutions and individuals who will be able to request for relevant services through the same platform.
The ceremony concluded with a tour of an accompanying exhibition showcasing the achievements of SMEs supported by the Company and developed through PDO's training programmes.