Omani Companies Celebrate RO 66 Million Contracts with BP Oman

15 Omani companies were recognised for

their contribution to delivering gas to Oman through the Khazzan

development at an In Country Value (ICV) networking event held at BP

Oman’s Muscat headquarters today.

The companies were awarded contracts by BP Oman with a total

value of RO 66 million ($170 million) during the second half of 2017.

The total In Country Value contribution of BP Oman’s third party spend

in 2017 was over 40% by value, compared to 35% in 2016.

The networking and recognition event gave the Omani companies the

chance to meet and talk with one another, as well as hearing about the

ongoing progress of the Khazzan development.

The range of services provided by these contractors is broad and

reflects the growing strength and capability of small and medium-sized

Omani businesses servicing the energy sector. The main areas for

awarded contracts were well pad construction, well sites and road

maintenance and civil works, which together accounted for around 80%

of the value awarded. However other sectors were well-represented

ranging from occupational health to fire and rescue services, vehicle

leasing to lubricants and drill bits.

Building In Country Value into BP Oman’s supply chain is a key

commitment for the company. To facilitate this, a Vendor Development

Plan was rolled out in 2017 to help identify and develop Omani

businesses to international standards. BP Oman has also

implemented use of the Joint Supplier Registration System (JSRS) to

improve and enhance the participation of local suppliers in the

tendering and selection process. This has resulted in 65 local

community contractors being accepted onto the system. BP Oman has

also ring-fenced seven scopes of work for Omani companies, including

radioactive tracer material and water well drilling.

According to Khalid al-Kindi, BP Oman’s Deputy General Manager

and In Country Value Manager: BP Oman is fully committed to

growing our provision of In Country Value to Oman and the range of

contracts awarded to Omani businesses over the last year is testament

to that commitment. As is our Vendor Development Programme, where

we have been able to award our first two-year contract to an Omani

company � the first of what we hope will be many successes in helping

to develop Omani companies to competitive, high-class standards. We

are delighted to be making such significant contributions to building

Oman’s future.

Source: Oman News Agency