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Oman 2015 Launch

Oman 2015 Launch

August 27, 2015

The Oil & Gas Year Oman 2015 was launched at the Intercontinental Hotel in Muscat, Oman on August 27th, 2015.

The book was launched in the presence of H.E. Salim bin Nasser Al Aufi, undersecretary of the Ministry of Oil and Gas of the Sultanate of Oman, and under the patronage of the Ministry of Oil and Gas and the Oman Society for Petroleum Services (OPAL).

The event was attended by some of the industry’s leaders and saw a number of awards distributed to key individuals, organisations and projects for their achievements over the past year.

The Oil & Gas Year Oman 2015 places special focus on how the country is using enhanced oil recovery to achieve record production highs while building up its infrastructure and downstream sector to further these advances.

The book also explores Oman’s approach to in-country value through interviews and a roundtable debate with key players in the country’s localisation initiative.

The Oil & Gas Year published its fifth edition in Oman produced in collaboration with the Ministry of Oil and Gas and OPAL.

At the ceremony, The Oil & Gas Year team distributed six awards. Raoul Restucci, managing director of Petroleum Development Oman (PDO), was selected as Man of the Year for his leadership of Oman’s top oil producer. Under Restucci, PDO has spearheaded developments in enhanced oil recovery 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 given to Al Sahari Oil Services, one of the five super local community contractors created under a PDO initiative to boost Omani businesses. With a commitment to sourcing new technology, Al Sahari Oil Services has tripled its market value since its creation.

The Sohar Refinery Improvement Project was honoured as Project of the Year for its central role in expanding Oman’s refining capacity.

The award for Contractor of the Year went to Galfar Engineering & Contracting. Oman’s largest engineering and contracting firm has recently secured key contracts for the Khazzan Project and Duqm Refinery, boosting a work backlog now valued at $1.75 billion.

Intaj, a growing Omani integrated oil and gas company, was named Newcomer of the Year following its award of block 56 with partner Medco in late 2014.

“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 The Oil & Gas Year.

H.E. Al Aufi congratulated the TOGY team for their work and urged the industry members present at the ceremony to keep pressing on with their efforts to increase production in the sultanate. He extended his congratulations to the Omani oil and gas industry for posting record-high production figures in July 2015.

The Oil & Gas Year produces yearly annual executive books and events on more than 33 petroleum provinces that are critical business tools for energy investors, highlighting and promoting key actors and opportunities. Global circulation to a readership of 69,000 readers in 101 countries is audited by BPA Worldwide.