Oman Oil and Gas Market Update

Main Update Highlights from entire month of June, 2013

  • PDO signs $40m Deal with Local Contractor Al Baraka Oilfield Services.
  • Oman invites bids for electrical substation contract ‐ Work will involve building 220kV substation

in the northeastern town of Izki.

  • Petrofac wins Oman operations and maintenance contract ‐ Contractor to manage commission

of two new production assets for Oman Oil Company.

  • OOC forms JV for mega crude storage facility ‐ Oman Oil Company and its subsidiary Takamul
    Investment Company have formed a joint venture firm. Oman Tank Terminal Company (OTTCO) ‐ to
    build, own and operate upto 200 million barrel oil terminal, which is going to be the largest crude
    storage terminal in the Middle East region.
  • Terminal expansion project at Sohar ‐ Agreement signed to develop a new 70‐hectare container
    terminal. Marking an important milestone for the further recognition as cargo gateway for Oman and
    the GCC, Port of Sohar signed a development agreement with Hutchinson Whampoa, an internationally
    reputed independent container terminal operator, for establishing a new 70 hectares container terminal
    for Oman International Container Terminal.
  • Khazzan gas project moves forward ‐ BP agrees a retail gas price with the Muscat government
    for the scheme.
  • Developer agrees partial share of Sohar Power Company ‐ GDF Suez still maintains majority
    share in independent water and power project.