Oman’s state-owned oil company Petroleum Development Oman (PDO) is generating as many as 600 jobs for Omanis through a partnership with Gulf Energy SAOC (GES), the oilfield services provider in the MENA region.
Under this new project, PDO will able to provide job opportunities for 150 Omanis every year for the coming four years in jobs related to well construction, intervention, and industrial services. The jobs will be allocated within Oman as well as overseas. The collaboration with GES falls under the long-standing program ‘In-Country Importance’ intended to create employment opportunities for qualified Omanis.
“Expanding building Omani capabilities beyond the local labor market is a milestone in developing global citizens who are competitive in the international labor market. This supports the internationalization of the Sultanate’s capabilities. Job creation for Omanis is very clearly a primary focus for ICV and its impact is not only witnessed by the country at large but by every single family of employed personnel who benefits from it.”
PDO accounts for about 70 percent of the country’s production of crude oil and almost all of its supply of natural gas. The company is held by the Government of Oman (with a 60 percent stake), the Shell Group (34 percent), Total (4 percent), and Partex (2 percent). PDO operates gas fields and manufacturing plants on behalf of the Oman government.
Sultan Al Ghafri, Vice-President of GES said, “We have managed to reach one of the highest levels of Omanisation in the country. Now, with the longer-term contracts, we can ensure we continue to invest in new resources and human capital to serve our country and create economic value for the sultanate.”
GES, established in 2006, was the first Omani company to be listed on the Nasdaq by the National Energy Services Reunion Corporation.