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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Occidental Oman signs two contracts with local firms

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MUSCAT: Occidental Oman, Inc. (Oxy Oman) has signed two oil field service contracts with local Omani companies as part of Oxy Oman’s in-country value (ICV) strategy that aims to maximise the company’s contribution to social and sustainable economic development in the country.


The signing ceremony was held at Oxy Oman Headquarters in Al Ghubra. Stephen Kelly, the President and General-Manager of Oxy Oman, Sayyid Mohammed bin Ali al Said, CEO of Value Engineering Centre, and Khamis Al Hinai, CEO of Hormuz Energy Services were signatories for their respective organisations. The signing ceremony was also attended by senior executives of Oxy Oman including Abdulkarim al Ghassani, Vice-President for Supply Chain.


The first contract was signed with Value Engineering Center LLC (VEC). Under this multi-year contract, VEC will provide engineering support services for capital projects in Mukhaizna, Oxy Oman’s flagship oil field. VEC will also provide engineering support to the operations team in the field.


The contract with VEC was signed as part of Ring Fencing procedure, which is an ICV approach for dedicating a certain percentage of scope to be bided among local companies in order to give a chance to increase the market share of the local companies.


The second contract was signed with Hormuz Energy Services (HES). Under this multi-year contract, HES will provide Oxy Oman with rented centrifuges and solid control engineering services, which are important to control the quality and efficiency of drilling fluids system.


The contract signed with HES comes as part of Vendor Development Programme, which is an ICV initiative aimed to develop local companies into a new capacity where very limited local companies are currently delivering.


“The contracts signed today reaffirm our long term commitment to enhance the collaborative efforts of the oil and gas industry to efficiently develop a competitive Omani supply chain,” said Stephen Kelly, President and General-Manager.


“We are committed to develop and grow our investment and to support Oxy Oman to achieve its long-term goals,” said Sayyid Mohammed bin Ali al Said, CEO of Value Engineering Center.


“It is a great opportunity for Hormuz Energy Services to work with Oxy Oman. This will allow us reach our common goals and work together to serve Oman and will enable us to grow regionally,” said Khamis Al Hinai CEO of Hormuz Energy Services.


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