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Occidental Oman (Oxy Oman) has signed three agreements with Omani companies to strengthen local supply chains, expand domestic manufacturing opportunities and increase the participation of national businesses in the energy sector.
The agreements cover the supply of wellhead equipment and associated services, variable frequency drives and flanges. They were signed during Oxy Oman’s 2026 In-Country Value (ICV) event, held under the patronage of H.E. Eng. Mohsin bin Hamad Al Hadhrami, Undersecretary of the Ministry of Energy and Minerals.
The company reported that local content represented 41.5% of its total supply chain expenditure by the end of Q2 2026, with 19% directed towards small and medium enterprises (SMEs). Oxy Oman also supported the award of 57 local content-related contracts covering supplier development and domestic manufacturing opportunities.
Oxy Oman highlighted progress in developing national talent through its Is'haam programme, which facilitated 89 employment opportunities during 2024–2025, with a further 360 opportunities planned between 2026 and 2028. More than 200 individuals have benefited from specialised training, while over 1,100 practical training opportunities have been incorporated into contracting strategies.
Through its Tasharuk programme, the company has supported 17 Omani SMEs across eight phases. These businesses collectively employ approximately 450 people, with an Omanisation rate of 70%.
The event also showcased a drone-based logistics initiative designed to transport spare parts, medical supplies and essential materials to remote operational sites, supporting greater operational efficiency and safety.
The agreements reinforce Oxy Oman’s commitment to developing local industrial capabilities, strengthening national supply chains and creating sustainable economic opportunities in alignment with Oman Vision 2040.
Oxy Oman signs three local supply deals - Oman Observer
