Delivering on the vision of diversifying the local economy, and bringing employment opportunities and benefits to the citizens of Oman, the Sohar-based L&T Modular Fabrication Yard (MFY) has placed a keen focus on developing In-Country Value (ICV).
The objective closely aligns to the national goal of growing the local manufacturing sector as a cornerstone for future economic development, while delivering growth prospects for the same within Oman's oil and gas sector.
The drive by L&T towards championing ICV is demonstrated by the forthcoming delivery of five gigantic offshore oil platforms destined for the Umm Lulu and Nasr Oil fields in Abu Dhabi.
Scheduled to commence their journey early next week, the offshore platforms produced at L&T MFY in Sohar provide a vivid illustration of how the high-tech fabrication of engineering projects and equipment in Oman can significantly contribute to the local economy in a meaningful and sustained manner, and add to the economic development goals of the Oman.
The five offshore oil platforms produced at the yard each weigh over 3000 metric tonnes and will begin their journey next week from the water-front manufacturing complex, bound for the Umm Lulu and Nasr fields.
In addition to the valuable export revenues generated by the L&T operation, the concept of In-Country Value also takes into account the development of employee skills and their future career paths. Boasting an industry leading rate of Omanisation within their operation, L&T executives point to their human resources score card with pride, a clear demonstration of the strong commitment by the firm towards the goal of recruiting and developing local Omani talent.
Further highlighting the commitment to skills development in the community, L&T is one of the few companies in the region to have set up a fully-fledged 'Training Centre' campus in Sohar. The centre provides an induction programme for Omani youth in batches of 40 individuals and conducts ongoing technical training on specialised fabrication techniques, including the welding processes ó SAW, SMA and FCA, thus equipping them with the skills and experience to work as qualified welders in the sector.
A significant proportion of the trainees gain fulltime employment within the L&T operation, while the in-house training programme allows for non-specialised individuals to enroll for technical training and emerge with more employable skills.