OQ’s Bisat oil field at concession area No. 60 to be inaugurated on Thursday

Muscat: His Highness Sayyid Taimur bin Asa’ad Al Said, Chairman of the Board of Governors of the Central Bank of Oman (CBO) will patronise OQ’s Bisat oil field inauguration on January 26.

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 OMR157 million. In addition, the total amount spent on local SMEs and contractors stood at OMR34 million of the overall cost of the project. Products manufactured in Oman accounted for OMR60 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.