Petroleum Development Oman (PDO) announced in a statement that it has signed major Long Term service contracts covering project delivery and maintenance and integrity work in the North and South of its concession area.
The value of contracts are of worth $4 billion
The agreements with Arabian Industries Projects (AIP) LLC and Special Technical Services (STS) LLC encompass the design and execution of more than 200 on-plot projects and will run for seven years with an optional three-year extension, statement said.
The scope and scale of contracts are significant, spanning the execution of maintenance, integrity, field improvement proposals, turnaround activities, and the delivery of brownfield projects.
Under the terms of the deals, AIP will carry out project delivery in the North of Block 6 and maintenance and integrity work in the South, while STS will be responsible for project delivery in the South and maintenance and integrity in the North.
The signings took place at an official contract awards ceremony at PDO’s Mina Al Fahal headquarters, which was attended by PDO Managing Director Raoul Restucci, AIP and STS Chief Executive Officers Sadiq Sulaiman and Rejeesh Mani, and the companies’ Managing Directors Amer Al Sulaimani and Alex Clark.
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