Oman- TOGY 2015 focuses on ICV turnaround in oil output

2015-08-29 02:48:13

(MENAFN- Muscat Daily) Muscat-

The fifth edition of The Oil and Gas Year (TOGY) Oman an annual report on the sultanate's energy industry was released under the patronage of the Ministry of Oil and Gas (MOG) and Oman Society for Petroleum Services (OPAL) at InterContinental Muscat on Thursday.

The launch event which also included an award ceremony was held in the presence of H E Salim al Aufi undersecretary at the MOG. The event was attended by industry leaders and saw a number of awards distributed to key individuals organisations and projects for their achievements over the past year.

The 152-page report focuses on how the sultanate is using enhanced oil recovery (EOR) to achieve record high production while building up its infrastructure and downstream sector to further these advances.

The report which is produced in collaboration with MOG and OPAL also explores Oman's approach to its in-country value (ICV) programme and how the industry is making progress to provide opportunities to local community contractors (LCCs) and super local community contractors (SLCCs).

'This book is a sum of leaders' opinions and information to let the world know how Oman has managed to turn around its production decline and is today a world centre of hydrocarbons production innovation' said Gilles Valentin managing partner of TOGY.

'In this year's edition we also focus on SLCCs and LCCs which we believe is a key feature of the Oman market' Valentin added.

Speaking at the event H E Au congratulated the TOGY team for their work and urged industry leaders to press on with their efforts to increase oil and gas production in the sultanate. He extended his congratulations to the Omani oil and gas industry for posting record-high production gures in July this year. 'We are maintaining the target to produce maximum volume. The achievement of 1mn barrels per day in July is a combination of many efforts. The deferment was lower and companies' production levels during summer were good.'

The TOGY team distributed six awards. Raoul Restucci managing director of PDO was selected 'Man of the Year' for his leadership of Oman's top oil producer. Under Restucci PDO has spearheaded developments in EOR and in-country value.

National Training Institute was named 'Training Provider of the Year' for its role in fostering a local workforce with the technical expertise needed to tackle Oman's complex oil and gas developments. The award for 'Local Company of the Year' was bagged by Al Sahari Oil Services one of the ve SLCCs created under a PDO initiative to boost Omani businesses.

The Sohar Renery Improvement Project was named 'Project of the Year' for its central role in expanding Oman's rening capacity. The award for 'Contractor of the Year' went to Galfar Engineering and Contracting. Oman's largest engineering and contracting rm recently secured key contracts for the Khazzan project and Duqm Renery.

Intaj a growing integrated oil and gas firm was named 'Newcomer of the Year' following its award of Block 56 with partner Medco in late 2014.

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