Oman awards Tibbett & Britten $500 million 4PL contract
The Sultanate of Oman has awarded the Tibbett & Britten Group, a U.K.-based logistics services provider recently acquired by Exel, a $500 million contract that calls for Tibbett & Britten, acting as a fourth-party logistics provider (4PL), to oversee primary and secondary distribution operations for Petroleum Development Oman LLC (PDO).
Petroleum Development Oman LLC is a major exploration and production company in the Sultanate that accounts for 90 percent of Oman's crude oil and almost all of its natural gas supply, generating 40 percent of the country's GDP. PDO is jointly owned by the government of Oman (60 percent), the Royal Dutch/Shell Group (34 percent), TotalFina Elf (4 percent) and Partex (2 percent).
Tibbett & Britten's agreement with PDO, which does not involve the movement of oil or gas, covers the transport management of all of PDO's goods and materials, ranging from the distribution of catering supplies to moving complete oil drilling rigs. Tibbett & Britten will use i2 software to implement this work.
The contract was placed with newly created Bahwan Tibbett & Britten. The group also has formed units called Al Futtaim Tibbett & Britten in the United Arab Emirates and Olayan Tibbett & Britten in Saudi Arabia.