OQ’s Bisat oilfield to be inaugurated on Thursday
Published: 02:01 PM,Jan 23,2023 | EDITED : 06:01 PM,Jan 23,2023
MUSCAT: His Highness Sayyid Taimur Asa’ad al Said, Chairman of the Board of Governors of the Central Bank of Oman (CBO), will preside over the inauguration of OQ’s Bisat oilfield in Block 60 on Thursday, January 26, 2023.
The Bisat oilfield is one of the most important projects of OQ’s upstream sector. The field, which is located in Block 60 at Abu Tubul, utilises cutting-edge technologies and digital solutions to enhance the long-term sustainability of the resources and operations and maximize the revenues and the return on investment.
The in-country value for the Bisat oil field project reached RO 157 million. In addition, the total amount spent on local SMEs and contractors stood at RO 34 million of the overall cost of the project. Products manufactured in Oman accounted for RO 60 million of the total procurement of the project. The project has also created direct and indirect opportunities for Omani youth, resulting in a high overall Omanisation rate of 85 per cent of the group’s employees working in Block 60. — ONA
The Bisat oilfield is one of the most important projects of OQ’s upstream sector. The field, which is located in Block 60 at Abu Tubul, utilises cutting-edge technologies and digital solutions to enhance the long-term sustainability of the resources and operations and maximize the revenues and the return on investment.
The in-country value for the Bisat oil field project reached RO 157 million. In addition, the total amount spent on local SMEs and contractors stood at RO 34 million of the overall cost of the project. Products manufactured in Oman accounted for RO 60 million of the total procurement of the project. The project has also created direct and indirect opportunities for Omani youth, resulting in a high overall Omanisation rate of 85 per cent of the group’s employees working in Block 60. — ONA