Petroleum Development Oman (PDO) yesterday (July 28th) ceased accepting applications from companies looking to bid on oilfield services contracts expected to be worth around $7 billion (£4.27 billion).

The company is offering four new oilfield services contracts, each with an annual turnover of $200 million. The licences will be put out for tender in the fourth quarter of 2009 and awarded in the third quarter of the following year.

Each contract lasts for seven years, with the opportunity to extend engineering and maintenance services for an additional three years.

In a separate announcement, the Oman Oil Company also this week confirmed that it will be accepting bids for a new contract to build a pipeline and processing plant construction in the West Bukha field.

The company uses revenues from the country's oil wealth to reinvest in infrastructural projects and training and development programmes to widen access to the oil and gas industry for all Omani citizens.

Getenergy exploration and production news