Home News Business PDO, Oman LNG ink deal to boost tech ties

PDO, Oman LNG ink deal to boost tech ties


Petroleum Development Oman (PDO) and Oman Liquefied National Gas (Oman LNG) on Sunday signed a three-year partnership agreement to enhance technical and commercial co-operation.

As per the agreement, the companies will consolidate their efforts in staff development and capacity building, apart from sharing knowledge and exchanging expertise in various disciplines across the oil and gas industry.

The technical pact, signed by PDO managing director Raoul Restucci and Oman LNG CEO Harib Al Kitani at PDO Knowledge World, will underpin both companies’ aim to strengthen co-operation in areas such as In-Country Value (ICV) 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.

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,” he added.

“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.”

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 ICV and simultaneously enhances the business at large.

“We welcome more collaboration on similar activities with PDO and other industry partners,” he added.

Oman News Agency