Sumitomo : Middle East and Petroleum Development Oman announce the signing of a 5 year contract renewal for supply of OCTG’s.
January 26, 2017 at 09:09 pm EST
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Jan. 26, 2017
Sumitomo Corporation
Sumitomo Corporation Middle East
Sumitomo Corporation Middle East (SCME) is pleased to announce the extension of their contract to supply OCTG's (Oil Country Tubular Goods, i.e. casing and tubing) to Petroleum Development Oman (PDO) for a further 5 years. The contract includes Supply Chain Management services delivered through their subsidiary company, Sumitomo Corporation Tubular Services Oman (SCTSO), based in Muscat; a joint venture with local Company United Engineering Services LLC (UES).
Sumitomo Corporation (SC) and Nippon Steel & Sumitomo Metal Corporation (NSSMC) first started supply of OCTG including Supply Chain Management services to PDO, the Sultanate's largest oil and gas producer, in 2003. Since then, the companies have enjoyed a continuous and mutually beneficial relationship. Sumitomo Corporation continue to supply high quality OCTG's and reliable Supply Chain Management services which over the years have added value to PDO's operations and the Sultanate of Oman.
This long term and highly regarded partnership resulted in Sumitomo Corporation moving its Supply base from Dubai to Sohar in 2011, as part of its drive to offer In Country Value for Oman. Further proof of Sumitomo Corporations commitment to ICV has now been demonstrated by their move to Duqm port. As a result of the relocation, PDO and Sumitomo Corporation will make a significant contribution to Oman's strategic objective of Duqm to be the country's oil and gas hub for the future.
Sumitomo Corporation will continue to expand their scope of work with PDO as part of the new contract and fully implement an integrated SCM, from 'Mill to Well', which is expected to further optimise supply chain efficiencies and offer cost savings for PDO.
Photo: Ceremony
Sumitomo Corporation published this content on 26 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2017 02:09:05 UTC.
Original documenthttp://www.sumitomocorp.co.jp/english/news/detail/id=29712
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