Oman LNG, PDO in collaboration deal

Oman LNG, the operator of the country’s sole LNG export plant in Qalhat, and Petroleum Development Oman (PDO) have signed a three-year partnership deal to boost technical and commercial cooperation.

The collaboration is a consolidation of efforts in relation to staff development and capacity building, where both companies will share knowledge and exchange expertise in various disciplines across the oil and gas industry, the duo said in a joint statement.

“It will underpin both companies’ aim to strengthen co-operation in areas such as in-country value to retain more of the oil and gas industry’s wealth in Oman, engineering services, market intelligence, technical assurance, capital projects, cost engineering, health, safety and environment (HSE), contracts and procurement, and Lean business efficiency,” the statement said.

Oman LNG operates three liquefaction trains in Qalhat with a capacity of 10.4 million mt per year.

The facility produced 8.5 million mt of the chilled fuel last year, against a production of 7.91 million mt in 2015.

Oman LNG is a joint venture company established by a Royal Decree in 1994 and is owned by the government of Oman that has a 51 percent stake.

The Hague-based LNG giant Shell holds a 30 percent stake in Oman LNG.