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Shaleem Petroleum Company Acquires Weatherford International - Oman

Source: Oman News 11/20/2019, Location: Middle East

Shaleem Petroleum Company today signed an agreement to acquire Weatherford International - Oman. This included the relocation of all business and equipment of the company and its staff of more than 300 Omani employees.

The signing of the agreement was held under the patronage of Dr. Mohammed bin Hamad al-Rumhi, Minister of Oil and Gas, in the presence of a number of hon. members of the State Council, members of Majlis A'Shura and some of officials and executives in the public and private sectors.

The agreement was signed by Sheikh Abdulaziz bin Salim Al Naqsh al-Mahri, Board Chairman of Shaleem Petroleum Company and Peter Tan, representative of Weatherford International - Oman.

Shaleem Petroleum Company is one of the local community companies working in the field of maintenance and rehabilitation of oil wells, and the rate of Omanisation is currently stands at 76%. The company has achieved successive successes in its field and contributed to the creation of many job opportunities for young people looking for work and also worked to train and qualify a lot of national cadres.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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