Petroleum Development Oman (PDO) on Thursday signed a $1.2 billion contract to supply piping for its drilling operations through Duqm

PDO boosts Duqm with $1.2b pipe supply contract

Muscat: Petroleum Development Oman (PDO) on Thursday signed a $1.2 billion contract to supply piping for its drilling operations through Duqm.

The five-year deal with Japanese supplier Sumitomo further includes a new supply yard in the Duqm Special Economic Zone, which will be a logistics centre for materials being delivered to PDO’s drilling locations. The business activity in Duqm free zone is expected to get a major boost with the signing of the new pipe supply contract.

The agreement will confirm PDO as an anchor tenant at Duqm from mid-2018, with up to two shipments a week (carrying 3,000 metric tonnes of pipe) being routed through the port for its oil and gas fields...Read more...

Source: timesofoman.com