Our Ultimate Sponsor
Petroleum Development Oman (PDO) is the leading exploration and production company in the Sultanate of Oman. We deliver the majority of the country’s crude oil production and natural gas supply, but above all we focus on delivering excellence, growth and sustainable value creation within and well beyond our industry.
In 1974, the Government of Oman acquired a 60% shareholding in PDO, the remaining interest in the Company being shared amongst Royal Dutch Shell (34%), Total (4%) and the Partex Corporation (2%).
The Company adopted its name in 1951, first struck oil in Yibal in 1962 and has been exporting oil produced in its 90,874 km2 concession area known as Block 6 since 1967. Our headquarters is based at Mina Al Fahal in Muscat. Our mission is to find, develop and produce oil and gas responsibly and profitably, in order to contribute to the sustainable development of Oman, to the benefit of all our stakeholders.
We are the custodians of the major source of national income and one of the largest private sector employers in Oman. We manage a large and diverse portfolio of oil/gas fields in terms of field sizes, reservoir and hydrocarbon types, development methods and maturity.
Our aim is to improve the recovery factor of hydrocarbons through the application of a combination of world-leading well, reservoir and facilities management, the deployment of the latest innovative technology, and a comprehensive gamut of recovery mechanisms including:
- Primary, such as natural flow and artificial lift
- Secondary , such as water floods and pressure maintenance
- Tertiary, such as enhanced oil recovery (EOR) in which we are a global pioneer.
The overall aim of our strategy is to maximise production and minimise the financial costs and environmental and social impact of our operations by following best oilfield practices. This means engaging efficiently, responsibly and above all safely in the exploration, production, development, storage and transportation of hydrocarbons.
Underpinning this approach is our corporate vision which is “to be renowned and respected for the excellence of our people and the value we create for Oman and all