MUSCAT: Occidental Oman (Oxy Oman) signed three agreements with Omani companies on Monday for equipment and services, expanding local suppliers’ participation in its energy operations.
The agreements cover wellhead equipment and related services, variable frequency drives and flanges. They were signed at the company’s 2026 In-Country Value (ICV) event, held under the auspices of Eng Mohsin bin Hamad al Hadhrami, Under-Secretary of the Ministry of Energy and Minerals.
The company said local content accounted for 41.5 per cent of its total supply chain expenditure by the end of the second quarter of 2026, while small and medium-sized enterprises received 19 per cent of spending.
Oxy Oman also reported 57 contracts linked to local content, covering supplier development and opportunities for local manufacturing. The initiatives are intended to expand the goods and services that Omani businesses can supply to the energy sector.
The company presented progress under its employment and supplier development programmes, alongside a drone logistics project designed to serve remote operational sites.
Its Is’haam programme, launched in 2024 to develop Omani expertise and support Omanisation, facilitated 89 employment opportunities during 2024 and 2025. A further 360 opportunities are projected for the period from 2026 to 2028.
More than 200 participants have received specialised training, while over 1,100 practical training opportunities have been incorporated into the company’s contracting strategies, Oxy Oman said.
The company’s Tasharuk programme has supported 17 Omani SMEs across eight phases. Participating businesses employ about 450 people, with an Omanisation rate of 70 per cent. More than 160 participants have received technical and personal skills training.
The drone project showcased at the event is designed to transport spare parts, medical supplies and other essential materials to remote sites. Oxy Oman said it would support field logistics, improve operational efficiency and enhance safety.
Al Hadhrami said developing national talent and supporting SMEs remained government priorities, adding that local content initiatives were helping Omani companies build the capabilities needed to supply advanced technical solutions.
He said continued investment in skills and broader opportunities for smaller businesses would strengthen domestic supply chains and increase the energy sector’s contribution to economic development.
Oxy Oman said its local content strategy centred on cooperation with government entities and domestic suppliers to develop national talent, create business opportunities and build a more competitive economy in line with Oman Vision 2040.
Companies, employees and teams were recognised at the event for their contributions to the company’s local content initiatives.
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