Petroleum Development Oman Company News

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The Top 10 Ideal NOC Employers
Thursday, August 29, 2019 Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!

Oman Oil Firm Raises $4 Billion Loan for Projects
Wednesday, June 29, 2016 State-owned Petroleum Development Oman obtains a $4-billion loan from international banks to help finance construction of new facilities.

GlassPoint to Build Solar EOR Facility to Boost Oil Output at Oman Field
Tuesday, July 14, 2015 GlassPoint will construct the world's largest solar EOR facility in terms of output to boost oil production at Oman's Amal oilfield.

Petrofac Secures Services Contract with PDO in Oman
Thursday, June 11, 2015 Petrofac secures an engineering and procurement contract with Petroleum Development Oman to provide services for the Yibal Khuff project, located southwest of Muscat.

Indonesia's Medco Gets Additional 25 Years to Operate Oman Oil Fields
Wednesday, April 29, 2015 Indonesia's PT Medco Energi Internasional says its unit has signed an amended agreement which allows it to operate the Karim oil fields in Oman for an additional 25 years.

Oman to Maintain Capex for Oil, Gas Industry in 2015
Wednesday, November 19, 2014 Oman maintains capital expenditure for the country's oil and gas expenditure in 2015 despite falling crude oil prices, local media quoted an oil and gas ministry official as saying.

Petrofac Awarded Oil, Gas Facility Contract in Oman
Monday, March 24, 2014 Petrofac wins a contract with Petroleum Development Oman to supply engineering and procurement services to Oman's Rabab Harweel Integrated Project.

PDO Awards EMC Contract to Wood Group
Tuesday, December 07, 2010 Petroleum Development Oman (PDO) has awarded a seven-year engineering and maintenance services contract (EMC) to Wood Group CCC, a joint venture set up to provide operations and maintenance services.

Oman Oil Fields Open for Business
Monday, January 25, 2010 Petroleum Development Oman launched a bidding tender for a contract to provide engineering and procurement services to expand the Al Noor and Sakhiya oil fields. Bids must be submitted by Feb. 9.

Oman Oil Output Up On Shell Venture's Projects
Friday, August 14, 2009 Oman, the largest Persian Gulf oil producer outside OPEC, pumped 6.6% more crude in the first six months compared with a year earlier as Shell's local venture boosted output.

Harvest Natural Resources Ups Ante to 100% in Oman Exploration Block
Tuesday, April 14, 2009 Harvest Natural Resources has signed the Al Ghubar / Qarn Alam Exploration and Production Sharing Agreement with the Sultanate of Oman in Muscat, Oman. The company will have a 100% working interest in the block during the exploration phase.

CGGVeritas Snags Seismic Contract Extension for Mina Al Fahal in Oman
Thursday, December 04, 2008 CGGVeritas has been awarded a multi-year contract extension by Petroleum Development Oman to perform seismic data processing and imaging services at its Mina Al Fahal site.

CGGVeritas' Onshore Oman Seismic Acquisition Gets Extension
Tuesday, September 30, 2008 CGGVeritas was awarded a multi-year contract extension by Petroleum Development Oman to undertake a high-productivity high-density onshore seismic acquisition project in Oman.

Renaissance to Build PAC Facilities in Oman Oilfields for $91MM
Monday, August 11, 2008 Renaissance Services SAOG was awarded long-term contracts totaling $91 million by Petroleum Development Oman LLC to build, own and operate new Permanent Accommodation for Contractors facilities in Oman's interior oilfields at Marmul and Bahja.

GE Oil & Gas technology Selected by PDO to Up Production
Monday, April 21, 2008 For more efficient extraction of gas from depleted wells in four of its gas fields, Petroleum Development Oman has turned to advanced, high-pressure compression technology from GE Oil & Gas.

PDO Discovers 'Significant' Oil at Budour Northeast Field
Monday, February 11, 2008 PDO has discovered significant new volumes of oil at the Budour Northeast oil field. In addition, the Company may also have found a significant volume of oil in a rock formation at the Rabab-Southeast field.

Fugro Wins Four-Year Contract in Oman
Tuesday, December 18, 2007 Fugro has secured a four-year contract with Petroleum Development Oman (PDO) to provide specialized survey and mapping services in support of their exploration and production activities throughout its land concession areas.

PDO to Proceed with Full Development of Mabrouk
Friday, June 22, 2007 Petroleum Development Oman (PDO) has received shareholder approval to advance with the full development of the Mabrouk field.

PDO Signs Contracts for Qarm Alam Steam Project
Thursday, May 31, 2007 Petroleum Development Oman (PDO) earlier this week signed two major engineering, procurement and construction (EPC) contracts for its Qarm Alam steam-injection project.

PDO Awards Contracts for Qarn Alam Steam Project
Monday, May 14, 2007 Petroleum Development Oman (PDO) has awarded two major engineering, procurement and construction (EPC) contracts for the Qarn Alam steam-injection project.

Petroleum Development Oman Discovers Three New Oil Fields
Tuesday, February 06, 2007 PDO has discovered three new fields Oman. One field, named Budour Northeast, is located in the Birba area of south Oman. The other two discoveries are extensions of the Ufuq and Dafiq fields, whose discovery was originally announced last year.

Afren Creates Advisory Board for African Growth
Tuesday, November 07, 2006 Further to the announcement of 2nd November 2006 relating to the appointment of Dr Rilwanu Lukman as non-Executive Chairman, Afren plc announces further corporate changes designed to strengthen its pan African presence.

Willbros Wins Contracts in U.S., Oman
Monday, June 19, 2006 Willbros Group says that operating units in the United States and Oman have been selected to perform multiple projects valued in excess of $300 million.

Veritas Wins Oman Seismic Contract
Wednesday, January 04, 2006 Veritas has been awarded a four-year land acquisition contract by Petroleum Development Oman (PDO).

Petrofac Secures Major EPC Contract with Petroleum Development Oman
Monday, November 07, 2005 Petrofac has received a letter of award for the EPC contract with Petroleum Development Oman to build the second phase of the Harweel Cluster Development in southern Oman.

Petrofac Secures New Gas Plant Contract in Oman
Monday, July 25, 2005 Petrofac has secured a contract with the Sultanate of Oman's Ministry of Oil & Gas to build a new gas plant in the Kauther field in north Oman.

Halliburton Wins Three Contracts in Oman
Thursday, October 21, 2004 Halliburton has been awarded three major contracts in Oman by Petroleum Development Oman. The total value of these contracts is estimated to be between $400 and $500 million over five years, with optional extensions of two years.

PDO Records 250th SET System Installation by Enventure
Thursday, July 22, 2004 Petroleum Development Oman and Enventure Global Technology recently announced the successful expansion of a 5-1/2 x 6-1/8 in. Openhole Clad System in Oman.