MUSCAT : The agreements, signed on the sidelines of the Local Content Event 2026, cover the provision of wellhead equipment and related services, as well as the supply of frequency converter units and flanges.

The event was held under the patronage of His Excellency Mohsen bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals, and highlighted Oxy Oman’s initiatives to develop local supply chains, support small and medium enterprises (SMEs) and strengthen national workforce capabilities.

During the event, the company reported that local content accounted for 41.5 percent of its total supply chain spending by the end of the second quarter of 2026, while spending directed towards SMEs represented 19 percent.

Oxy Oman also supported the awarding of 57 contracts linked to local content, covering supplier development initiatives and direct local manufacturing opportunities.

The company highlighted the results of its ‘Is’ham’ programme, launched in 2024 to promote Omanisation and develop national talent. The programme created 89 job opportunities in 2024 and 2025, with a further 360 opportunities planned for the 2026-2028 period.

More than 200 participants have benefited from specialised training programmes, while the company’s contract strategies have incorporated more than 1,100 practical training opportunities.

In its efforts to support SMEs, Oxy Oman also showcased its ‘Tasharuk’ programme, which has supported 17 Omani SMEs through eight phases. These businesses employ around 450 people, with Omanisation reaching 70 per cent. The programme has also provided technical and personal skills training to more than 160 participants.

The event also featured a project using drones to transport spare parts, medical supplies and essential materials to remote operational sites. The initiative aims to improve the efficiency of field operations while enhancing safety and sustainability through the use of modern technology.

Addressing the event, His Excellency Al Hadhrami said empowering national talent and supporting SMEs remain among the government’s key priorities.

He noted that achievements in local content demonstrate the ability of national programmes and initiatives to strengthen Omani businesses and enable them to become active partners in delivering advanced technical solutions.

He also highlighted the importance of equipping young Omanis with future-ready skills, strengthening local supply chains and expanding opportunities for SMEs to increase domestic value creation and support sustainable economic development.

For his part, Steven Lauver, President and General Manager of Oxy Oman, said local content is a fundamental pillar of the company’s approach to generating long-term sustainable value in Oman.

He reaffirmed the company’s commitment to working with government entities and local partners to create sustainable economic opportunities, develop national capabilities and contribute to a more competitive economy in line with Oman Vision 2040.

During the event, His Excellency Al Hadhrami also honoured a number of companies, employees and work teams in recognition of their contributions to advancing local content initiatives and improving operational and strategic performance.

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