PDO Services Company officially launched

PDO Services Company officially launched

Muscat: Petroleum Development Oman's (PDO) announced the official launch of PDO Services (PDO-S) Limited Liability Company (LLC), a PDO subsidiary, to enable the commercialisation of the company's expertise. The new business will leverage the talent, knowledge and skills of PDO staff to offer niche technical and non-technical services to clients in a wide variety of areas. The announcement, which follows the registration of the subsidiary by the Ministry of Commerce, Industry and Investment Promotion as a legal LLC company, marks a significant stride in PDO's efforts to pursue opportunities outside its concession area. PDO Managing Director Raoul Restucci said, "The commercialisation of our services and transition to renewables – underpinned by the launch of PDO-S as well as Energy Development Oman (EDO) – are transforming the very nature of the Company, and we look forward to establishing new supply chains, enhancing value delivery and partnering with local enterprises to provide unrivalled propositions in support of Oman 2040 principles of productivity and sustainability. Our overall aspiration is to broaden PDO's remit beyond its current mandate and exploit new areas of value creation for Oman." The objectives of PDO-S include leveraging and commercialising PDO's technical and operating capabilities, accelerating technology transfer and