VOL. XLII
No 49
6-December-1999
OMAN
PDO Reveals Five-Year Business Improvement Savings Of $900Mn
Business improvement initiatives undertaken by PetroleumDevelopment Oman (PDO) have led to savings over the past five years of $900mn(15% of planned budget), according to the company痴 Deputy Managing Director,Dr. 'Abd Allah M. al-Lamki. Over the same period PDO痴 oil reserves increasedby 600mn barrels above target, and operations expenditure (opex) in real termsfell 30% from $1.60/B to $1.15/B. Dr....
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