MUSCAT: HH Sayyid Taimour bin Asaad al Said, Chairman of the Board of Governors of the Central Bank of Oman (CBO), will preside over OQ’s Bisat oil field inauguration on Thursday. Bisat oil field is one of the most important projects of OQ’s upstream sector. The field, which is located in concession area No 60 at Abu Tubul, utilises cutting-edge technologies and digital solutions to enhance the long-term sustainability of the resources and operations and maximise the revenues and the return on investment.
The in-country value for the Bisat oil field project reached RO 157 million. In addition, the total amount spent on local SMEs and contractors stood at RO 34 million of the overall cost of the project.
Products manufactured in the Sultanate of Oman accounted for RO 60 million of the total procurement of the project. The project has also created direct and indirect opportunities for Omani youth, resulting in a high overall Omanisation rate of 85 per cent of the group’s employees working in concession area No 60. SEE ALSO P13
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