Occidental Petroleum and The Petroleum Institute sign MoU to enhance research and training

ABU DHABI: Occidental Al Hosn LLC, a subsidiary of Occidental Petroleum Corporation, today signed a Memorandum of Understanding (MoU) with The Petroleum Institute (PI), one of the educational institutions sponsored by ADNOC, whereby Occidental commits to working with and supporting PI in research, development and the advancement of sour gas processing and sulphur technologies in Abu Dhabi. Penny Pritzker, U.S. Secretary of Commerce, Abdulla Nasser Al Suwaidi, Director General of the Abu Dhabi National Oil Company (ADNOC), and Stephen I. Chazen, President and Chief Executive Officer, Occidental Petroleum Corporation, witnessed the signing, which took place at ADNOC Headquarters in Abu Dhabi.

Under the terms of the MoU, Occidental will contribute a total of US$20 million to PI over a period of 10 to 20 years. The MoU contemplates several initiatives, including research towards technologies in sour gas development, as well as programmes to provide educational and training opportunities for Emiratis.

Mr. Abdul Munim Saif Al Kindy, Deputy Chairman of the PI Governing Board and CEO of Abu Dhabi Company for Onshore Oil Operations, ADCO, signed for ADNOC and Edward Lowe, President – International Production, Occidental Oil and Gas Corporation, signed for Occidental. The signing ceremony was attended by a number of senior officials from both sides.

“At the Department of Commerce, we serve as a partner with U.S. businesses to help them compete and succeed in the global marketplace,” said U.S. Secretary of Commerce, Penny Pritzker.

Abdulla Nasser Al Suwaidi, ADNOC Director General, said, “In line with our strong belief in the importance of human resources in the oil and gas industry, ADNOC is committed to providing education and training to young U.A.E. nationals to fulfil the growing requirements for a high-skilled labour force within the oil and gas industry. ADNOC fully believes in the importance of scientific research and modern technology in education, for that end we are seeking to build constructive partnerships with the major international companies to provide a solid research foundation which will later be reinforced with internships and comprehensive on-the-job training programmes to contribute to our efforts aiming at Emiratisation of the oil and gas sector as strategic goal of our wise leadership.” “Moreover, initiatives such as the recent signing of a MoU between the Petroleum Institute and Oxy will further enhance the transfer of knowledge and know-how from experts within the oil and gas industry to the future workforce here in the U.A.E.,” he added.

“Occidental is honoured to partner with The Petroleum Institute in its efforts to advance knowledge in sulphur technologies and to promote the professional development of young engineers in the U.A.E.,” said Chazen. “We take pride in helping to further this important work, and we look forward to its positive impacts on our industry and future workforce.”