Oman: PDO signs $1bn of oilfield services contracts

Petroleum Development of Oman has awarded more than $1bn-worth of drilling and other services contracts to Gulf Energy, a local subsidiary of US-based oilfield services provider National Energy Services Reunited. The contracts are for up to nine years. In Oman’s energy sector downturn, crude production fell by 7.5% January-August, according to National Centre for Statistics and Information data.