MEM FAQ's

In light of the economic and political changes witnessed by the world, does the reliability on the Oil and Gas sector still exists despites all the changes?

In light of the economic and political changes witnessed by the world, does the reliability on the Oil and Gas sector still exists despites all the changes?

Yes, the reliability upon the Oil and Gas sector still exists in the world due to the need of many industries to the petrochemical industries and currently there is no alternative. The government relies on Oil and Gas sector in absorbing big numbers of job seekers..

 

Can you update us with the efforts paid by the Oil companies in this regard? and what is anticipated in the future?

The Ministry of Energy and Mineral in coordination with the companies working in the sector has made big efforts to absorb big numbers of job seekers in the Oil and Gas sector which resulted with high Omanization ratio in the different companies in the sector. These efforts can be summarized as follows:

First: the local added value program: which includes a number of initiatives such as:

Petro jobs employment platform: MEM through the local added value program has established the mutual employment platform for companies to be a joining point to view and apply for vacancies to all the operating companies, which made it easy for job seekers to look for a suitable career in the Oil and Gas sector. Since the establishment of the platform, a large number of vacancies have been announced for job seekers and whom interested in training opportunities in this vital sector.

Develop and train the national cadres through establishing Sector Skills Unit (SSU) for Oil and Gas sector through Oman Society for Petroleum Services (OPAL) that will have a great role in establishing a joint system including all the concerned parties to conduct research and development activities in order to develop the human resources needed for the sector and focus on developing the skills of the Omani youths to contribute in upgrading the abilities working in the sector and drive the Omanization rates forward.

Apprenticeship program for Oil and Gas sector that was launched in Al Seeb Vocational College where the first batch have joined in 2017. The college was accredited by one of the consultant firms, which is the first accreditation by its kind to a government institution.

Second: the mutual human resources committee between MEM and employing companies: which is concerned of studying and following the topics related to human resources that aims to develop the abilities and qualities of the national cadres which contributes in raising up the Omaniziation rate to the employed companies in the Oil and Gas sector.

Third: training and developing job seekers to prepare them for job market:

Oman Institute for Oil and Gas (InstOG) along with the full support of MEM has lately announced a number of training opportunities for job seekers in the engineering and scientific specializations related to the sector. The program aims to provide them the needed skills and knowledge to join the job market in Oil and Gas industry.

Additionally to what mentioned above, companies continuities to pay great efforts to support the implementation of local added value strategy that will lead to create job opportunities and train big numbers of Omani youths. The opening of Oman Assembly, Repair and Testing (ART) Centre established as collaboration by PDO and Schlumberger Oman in Nizwa Industrial Estate is one of latest example in this regard.

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ICV FAQ

What is In-Country Value (ICV)?

What is In-Country Value (ICV)?

In Country Value (ICV) is defined as the total spend retained in-country that can benefit business development, contribute to human capability development and stimulate productivity in the Omani economy. In short, products made and services provided by skilled Omanis.

What are the key objectives of the ICV?

What are the key objectives of the ICV?

  1. Increasing Omanisation and developing the skills of national workforce.
  2. Increasing in-country spend on local goods and services.

What is ICV Blueprint Strategy?

What is ICV Blueprint Strategy?

A comprehensive study aimed to build on the successes to date, identify new opportunities and develop a broad roadmap that will contribute to strengthening the efforts of oil & gas sector in the field of ICV development.
The summary of the ICV Blueprint Strategy can be viewed and downloaded by selecting “Downloads”, followed by “General” and then selecting “ICV Development Blueprint Strategy” or “ICV Brochure”.

What are the ICV elements?

What are the ICV elements?

It consists of the following seven elements with an overarching aim of maximising ICV in the oil & gas sector. These elements are molded into a standard ICV Plan, which is explained in the following FAQ.

  1. Investments in Fixed Assets
  2. Omanisation in the Work Force
  3. Training of Omanis
  4. Local Sourcing of Goods
  5. Local Sourcing of Subcontracted Services
  6. Development of National Suppliers
  7. Development of National Training, Education and R&D Institutions

What is an ICV plan?

What is an ICV plan?

Plan prepared by the contractor as part of tender submission and supported by a binding document governed by set of terms and conditions to be implemented during the contract period.
The ICV Plan can be viewed and downloaded by selecting “Downloads”, followed by “General” and then selecting the file “Standardisation of ICV Requirements in C & P“.
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Minerals FAQ's