Gulf Energy SAOC Signs a Memorandum of Collaboration with Petroleum Development Oman to Create 600 Job Opportunities for Omanis

MUSCAT, December 03, 2020 - Gulf Energy SAOC (GES) signed a Memorandum of Collaboration (MoC) with Petroleum Development Oman (PDO) to create 600 new jobs for Omani nationals over the next four years. The signing ceremony coincided with Oman’s 50th National Day and was held under the auspices of His Excellency Dr. Mohammed bin Hamad Al Rumhy, Minister of Energy & Minerals in Oman.

The MoC reaffirmed Gulf Energy SAOC’s commitment to Oman’s Vision 2040 and to the creation of a dynamic Omani labor market, with skilled and highly productive manpower. GES will employ 150 Omanis every year for the next four years in well construction, interventions and industrial services. GES hiring plans will enhance the In-Country Value (ICV) of the company and create employment and training opportunities for Omanis in new markets. Last year, GES became the first national company in the region to successfully manufacture casing accessories in Oman and export such products to the world. Managed by a diverse leadership team, GES currently has one of the highest percentages of Omanization in the Sultanate.

In training and hiring Omanis, GES is adopting a non-traditional approach. The company announced that it aims to exceed the training and hiring needs of its local operation in Oman to supply its regional operations and support future expansion plans in Africa with Omani talents. Exporting Omani talents to international markets will support the career development and enhance the capabilities of young Omanis while ensuring that GES establishes a solid pipeline of future leaders with global expertise.

PDO Managing Director Raoul Restucci, who signed the MOC with GES, said: “Today’s collaboration with Gulf Energy SAOC introduces a paradigm shift in PDO’s partnership with its contracting community to create and sustain In-Country Value during these challenging times. 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 benefit from it.”

“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 is closely aligned with Oman vision 2040 and supports internationalization of the Sultanate’s capabilities abroad,” he added.

Sultan Al Ghafri, Vice President of GES in Oman commented: ''The signature of this MoC further demonstrates our commitment to develop the talented Omani workforce, not only in Oman but in the entire region. Our duty is to give back to our country and provide training, development and employment opportunities to the younger generation, who will enhance our presence in the region. With the support of the Ministry of Energy & Minerals in Oman and PDO, we have managed to reach one of the highest percentages of Omanization in the country while maintaining superior levels of service quality and new technology-introduction as evident by our performance in the latest contracts. 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.”

“We are very proud to play a positive role in the economic development of Oman and the MENA region, a cornerstone of our Environmental, Social and Governance (ESG) strategy. I would like to thank the Ministry of Energy & Minerals and PDO for their support of GES, the Omani National Champion, and we look forward to creating more social and economic value in the Sultanate for many years to come,” he added.

The last fifteen years have seen Gulf Energy SAOC, a local Omani company, grow from a startup to one of the largest oilfield service providers in Oman and the region. With over 1,000 employees, 3 API approved facilities, and more than 30 contracts with different clients in Oman, GES is leading the change in transforming the upstream sector in Oman and actively supporting the growth of the oil and gas sector in Oman and the region.

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