What does PDO mean in DEVELOPMENT
PDO, or Petroleum Development Oman, is the leading exploration and production company in Oman. The company is jointly owned by the Government of Oman (60%), Shell (34%), Total (4%) and Partex (2%). PDO is one of the largest oil producers in the Middle East and has a major role to play in keeping up with Oman's increasing demand for energy. As well as an exploration and production company, it also provides specialist services that add value to the energy sector, including training, research and development. By offering these services, PDO helps to ensure that both the public and private sectors benefit from the efficient delivery of energy.
PDO meaning in Development in Community
PDO mostly used in an acronym Development in Category Community that means Petroeum Development Oman
Shorthand: PDO,
Full Form: Petroeum Development Oman
For more information of "Petroeum Development Oman", see the section below.
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Meaning of PDO
PDO stands for Petroleum Development Oman which is a joint venture between the Government of Oman (60%), Shell (34%), Total (4%) and Partex (2%). This organisation was established with a mission to explore for and produce hydrocarbons from its extensive reserves in order to meet the increasing demand for energy within Oman. Their operations cover a wide range of areas such as exploration, drilling & completion, reservoir engineering & management, production operations & maintenance, logistics & supply chain management and more. They have an extensive network of producing fields located across Muscat Governorate as well as other parts of Oman.
PDO Full Form
The full form of PDO stands for Petroleum Development Oman which is an important part of Oman’s oil industry. The establishment dates back to 1964 when an agreement between the Sultanate of Muscat & Oman and other foreign companies was signed allowing them access to developing oilfields in the country. Its ownership structure consists mainly out of state-owned interests including 60% share held by Government Of The Sultanate Of Oman through its subsidiary “Petroleum Development Oman LLC” which makes it one of largest oil companies in Middle East operating under various joint ventures with other international investors like Shell International Ltd., Total SA etcetera who hold shares worth 34%, 4%, 2% respectively.
Essential Questions and Answers on Petroeum Development Oman in "COMMUNITY»DEVELOPMENT"
What is Petroleum Development Oman?
Petroleum Development Oman (PDO) is a state-owned oil and gas exploration and production company based in Muscat, Sultanate of Oman. It was founded in 1932 and produces around 70% of the country’s oil and 95% of its natural gas. In addition to exploration and production, PDO carries out research, development programs, training and technology advancement activities.
Who owns Petroleum Development Oman?
PDO is owned by the government of Oman, with more than 60% owned by the Ministry of Oil & Gas, 30% by Royal Dutch Shell, 9% by Total S.A., 0.8% by Partex Oil and Gas Corporation, and 0.2% by Mitsui & Co..
What are the main activities of Petroleum Development Oman?
PDO is primarily involved in exploration for oil and gas reserves as well as their subsequent production and storage. The company also engages in research to find new methods to increase production efficiency as well as technological advancements that can help improve operations.
Where does Petroleum Development Oman operate?
PDO has activities in several countries including the UAE, Saudi Arabia and Yemen in addition to its main area of operations which is focused on the Sultanate of Oman.
How does Petroleum Development Oman contribute to economic growth?
By promoting an efficient use of available resources through innovation and research projects within local communities, PDO helps drive economic growth in the Sultanate of Oman. Additionally, it provides increased employment opportunities for qualified personnel from within these communities.
How does Petroleum Development Oman contribute to environmental protection?
Through its commitment to preserving flora, fauna and air quality across its areas of operation, PDO works diligently towards meeting all environmental standards set forth by governmental agencies both locally in the Sultanate of Oman as well as internationally if applicable.
Final Words:
In conclusion, PDO stands for Petroleum Development Omans - a large oil producer located in Muscat Governorate active since 1964. It's jointly owned by government (60%), Shell (34%), Total(4%) and Partex(2%). As well as producing hydrocarbons from its large reserves they provide specialist services such as training, research & development helping private & public organisations gain efficient delivery of energy. By being at forefronts on this sector they help fuelling growth within Oil industry in Middle East aiding various projects throughout their long history.
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