PSL Energy Services Ltd awarded £6.4 million well services contract by Petroleum Development Oman (PDO)admin
Oil and gas services specialist, PSL Energy Services Ltd, has been awarded a £6.4 million ($12 million) well services contract by Petroleum Development Oman (PDO).
The two year contract, for hydraulic workover (HWO) and snubbing services, is PSL’s first significant well services contract in the Middle East.
The award comes as a direct result of the Aberdeen company’s decision to invest in new opportunities in the Arab Gulf Cooperation Council states, specifically in Oman, Doha, Dubai and Abu Dhabi, as part of an ongoing internationalisation policy.
The contract will cover well intervention programmes for more than 25 high pressure wells in north and south Oman in addition to a five-well fishing programme.
PSL will deploy a 340k HWO unit, fully supported with associated equipment and campsite. In support of the country’s Omanisation policy, it is estimated that more than 30 work opportunities will be created, many of which will be filled by Omanis.
PSL managing director, Doug Duguid, heralded the PDO contract win as an important step forward in the company’s goal of providing their full range of service lines in the Gulf region.
Mr Duguid said: ‘We are delighted to be given the opportunity by PDO to show what we can do in terms of well intervention solutions. Our reputation for providing quality of service, allied to competitive pricing and employing some of the world’s most renowned HWO experts gave us an advantage over competitors.
‘As our first well services contract in the Middle East it is hugely significant and should provide us with the platform to work with other major Gulf operating companies of PDO’s stature.’
As the Sultanate’s largest exploration and production company, PDO is 60 per cent owned by the Government of Oman, with Shell (34%) and Total and Partex as the remaining stakeholders.
Mr Duguid added: ‘Our ongoing investment in people, infrastructure and equipment in the region demonstrated to PDO that we are serious about a long-term commitment to the Gulf and in supporting them in Oman.
‘It is the first time we have worked for PDO but we have enjoyed a long and successful relationship with Shell who is one of our biggest customers in the HWO and snubbing services market.’
PSL’s Middle East division has also recently won two process services contracts worth an estimated $1.3 million (£700,000) to provide a range of bolting, leak detection, chemical cleaning and flange management services to Global Process Systems in Sharjah and Lamprell in Dubai’s Jebel Ali Free Zone.
PSL Energy Services Ltd is based at Portlethen, Aberdeen, and has regional bases in Great Yarmouth, Norway, USA, Singapore, Abu Dhabi, Doha, Azerbaijan, Kazakhstan and Algeria, employing more than 850 staff.
Its core activities are well services, process, pipeline, excavation and inspection services and hydraulic work-overs.
*Omanisation: policy which ensures wherever possible that Omanis are employed over expatriates.
Issued on behalf of PSL Energy Services Ltd by Stephen Rafferty Media. For further information contact +44 (0) 7980 598764 or +44 (0) 131 665 4141.