Petroleum Development Oman (PDO) has unveiled its new corporate Purpose and Strategy, outlining how it will continue to serve Oman and deliver value to the Sultanate in a rapidly changing and volatile energy landscape. The Company’s new purpose- “Building a sustainable and low-carbon future to maximise value for Oman”-replaces its previous vision and mission which were established more than ten years ago.
The official launch of PDO’s new purpose was announced at Oman Sustainability Week (OSW), which PDO co-hosted with the Ministry of Energy and Minerals (MEM) for the second consecutive year. In the exhibition, PDO showcased its refreshed strategy at an exhibition booth, giving attendees a glimpse of its existing projects and future plans to generate sustainable revenue for Oman today and in the low-carbon future.
PDO Managing Director Steve Phimister said: “Maximising value for Oman is at the heart of our Purpose, to fulfil our role in contributing to Oman’s Vision 2040 and Net Zero Emissions 2050. PDO is committed to both cost and carbon competitiveness – safely, efficiently and sustainably growing our core Oil and Gas business whilst minimising emissions from our operations”.
Under its new strategy, PDO aims to pioneer the new energy landscape, leading technology deployment, operational excellence, decarbonisation and supply chain development for Oman’s oil and gas industry.
Steve added: “Oil & Gas has a role in the global energy system for decades to come, but hydrocarbon development must be sustainable. We have a responsibility to sustain the current energy system whilst we build the new (low Carbon) energy system. PDO has bold plans to safely increase oil & gas production whilst at the same time halving its emissions. And PDO is well-positioned, in partnership with others, to build sustainable, low-carbon revenue streams for the future of Oman.”
PDO also conducted an interactive session with local and international media representatives to introduce the refreshed strategy and the new purpose during its participation in OSW.