Petroleum Development Oman (PDO) has signed agreements totaling more than $800m with five Omani companies to localise the supply of its hoist fleet range of equipment and services.

PDO awarded contracts to:

• Abraj Energy Services
• MB Petroleum Services
• Cactus Premier Drilling Services
• BaOmar Oil Field Services
• Mideast Integrated Drilling & Well Services Company (Midwesco)

The Omani firms will provide work-over services on wells in PDO’s concession area, including modification, repair and maintenance, suspension and abandonment.

Under the terms of the contracts, the service providers will support local small and medium enterprises (SMEs) and local community contractors (LCCs). They will also contribute to a fund to train and enhance skills of Omanis employed in the sultanate’s oil and gas industry and other sectors.

There are 35 mobile units in the PDO hoist fleet, which also includes crews from community-owned super local community contractors (SLCCs) Al-Shawamikh and Al-Baraka, Shaleem Petroleum Company and its own in-country sourcing unit.

The 10-year deals were signed during the Oil and Gas West Asia (OGWA) Exhibition and Conference in Muscat.

The new deals imply that PDO has now completed 25 of the 53 In-Country Value (ICV) oil and gas industry opportunities, which were unveiled in the ICV Blueprint Strategy document launched by the country’s Ministry of Oil and Gas in 2013.

These were identified as supply chain and service opportunities that could be delivered in the Sultanate, and PDO is leading on the implementation of 43 of them.