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In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells...

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1 Intervention Session 6: 9 th Plenary Meeting: OECD Policy Dialogue on Natural Resource-based Development Mohammed Al-Ghareebi, ICV Development Manager | 1 February 2018 | Paris In-Country Value (ICV) Products made and services provided by skilled Omanis - in Oman
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Page 1: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

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Intervention Session 6: 9th Plenary Meeting: OECD Policy Dialogue on Natural Resource-based Development Mohammed Al-Ghareebi, ICV Development Manager | 1 February 2018 | Paris

In-Country Value (ICV) Products made and services provided by skilled Omanis - in Oman

Page 2: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

KEY FACTS

Number of producing oil fields 178

Number of active wells ~9,950

Number of production stations 21

Pipelines & Flowlines (km) 18,534

Number of Drilling Rigs/Hoists 50/34

Number of wells drilled 644

Permanent Camps 7

Road System (km) 6,540

Number of Power Gen Units 28

2016 Kilometres Driven 301 mln

2016 Manhours Worked 196 mln

2016 Distance drilled 1,474 km

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“To be Renowned and Respected for the Excellence of our People

and Value we Create for Oman and all our Stakeholders “

PDO – A vision beyond oil & gas

Page 3: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

Source: ICV Blue Print Strategy 2020 for oil & gas

The case for ICV in the Oil & Gas sector (1/2)

Source: Statistical Year Book – Issue 45 August 2017 (2016 Data)

Page 4: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

The case for ICV in the Oil & Gas sector (2/2)

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High Omanisation potential in the oil & gas sector 11% Omanisation in the private sector

Source: Monthly Statistical Bulleting Vol. 28 December 2017 Source: ICV Blue Print Strategy 2020 for oil & gas

Page 5: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

ICV setup – a bottom up approach led by industry and facilitated by Government

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Policy

Strategy & Implementa

tion

Governance

(Steering Com)

Organisation

(ICV Team)

Procedures, Guidelines...etc.

Support

(other business functions, ICV network...etc)

O&G ICV Charter

O&G ICV Blueprint Strategy 2020

O&G ICV Committee

PMO office at MOG

O&G ICV Ts&Cs, JSRS, ICV website…etc.

MOM, MoHE, OPAL OAPFD, SCP, MOCI

Ministry of Oil & Gas

HE Undersecretary of Ministry of Oil & Gas

Project Management Office (PMO)

OPAL Steering Committee

(MDs/CEOs of Operators)

JSRS Subcommittee

HR Subcommittee CP/ICV Managers

Subcommittee

ICV Ts & Cs

Standardised across the industry and available online

Page 6: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

The flexibility of the bottom up approach – a few examples What has been there/changed during

the course of ICV implementation What was proposed by industry Government (MOG) response

Omanisation percentage for operators were set at 90% making it impossible to achieve within the set time

Reduce the Omanisation percentages to start at 78% and increase gradually over the next 3-5 years to reach 90% taking into account the new and complex nature of some projects that will need expat workforce

Ministry of Manpower (MOM) agreed to reduce the percentages provided that ICV plans are complied with

Lower oil prices affected the number and value of awarded contracts

Stay the course and demonstrate ICV value across the entire value chain

All operators and MOG maintained the same focus on ICV as before – no change in policy or drive

ICV opportunities were launched before detailed local market assessment

Conduct Market Capability and Capacity Assessment (MCCA) before starting ICV strategy workshops

Fully supported by PMO and already implemented

Petrojob recruitment online portal for O&G to post new O&G positions was not implemented by all operators simultaneously

Allow grace period for some operators in the short term till all testing clarifications and integration are completed

MOG agreed to the proposal and gradually more operators are on the portal

ICV Monitoring & Reporting System Use PDO system to avoid reinventing the wheel

MOG supported the idea and PDO provided the system to other operators. All operators have a consistent system in place

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Page 7: In-Country Value (ICV) · 2018. 6. 8. · Number of producing oil fields 178 Number of active wells ~9,950 Number of production stations 21 Pipelines & Flowlines (km) 18,534 Number

Thank you

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