Muscat, September 1st 2014 - Oman Oil Company (OOC), the Sultanate's energy investment arm, has partnered with Schleupen AG to provide sophisticated risk management services to its member companies. OOC will leverage the unique capabilities of various systems developed by the European IT-services market leader in the risk management business sector to optimise risk management activities ranging from identification through evaluation to business risks reporting. The agreement was signed by Mulham Al Jarf, Deputy CEO of OOC and Heinz Heineke, Shareholder of the Supervisory Board of Schluepen AG.

In the initial phase, Schleupen AG has installed the new systems at 18 of OOC's group of companies. In addition, end-users have received training on the systems' applications and benefits by qualified IT and risk management consultants.

"The deployment of this advanced platform will strengthen the performance of our risk management function leading to enhanced levels of operational efficiency. It will minimise human error ensuring information accuracy and timely monitoring of successful completion of action plans," said Mohammed Al-Hinai, Head of Risk Management at OOC. "Providing the right tools and training for our Risk Champions will also help them identify opportunities and most importantly, propose valid solutions for emerging threats in all areas including operations, projects and acquisitions."

Heinz Heineke, Shareholder of the Supervisory Board of Schluepen AG said, "Over the last decade, interest in qualified risk management systems has witnessed increased momentum in emerging markets and particularly in the energy-related sector. Our agreement with OOC is our first contract outside of Europe and we are confident that showcasing our expertise in Oman and across the OOC group of companies around the world will boost our international expansion plans."

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About Oman Oil Company
Oman Oil Company S.A.O.C (OOC) is a commercial company wholly owned by the Government established in 1996 to pursue investment opportunities in the wider energy sector both inside and outside Oman. The Company plays an important role in the Sultanate's efforts to diversify the economy and to promote domestic and foreign investments as well as fostering and building human capital.

About Schleupen AG
Founded in 1970, Schleupen AG is an owner-managed, mid-sized business specializing especially in innovative IT solutions especially in the areas of energy and water management and increasingly also in risk management. In fiscal year 2013, Schleupen generated sales of just under 60 million euros and employs approximately 440 employees. In the energy and water industries segment, Schleupen is one of the few companies whose customers can take advantage of an end-to-end IT complete solution which stretches from accounting through market communications, energy logistics or finance to the business planning of all resources in the network operation. In addition, Schleupen supplies a successful risk management IT-system that is being used by medium-sized as well as listed and international companies. Schleupen is the market leader in Germany in this business sector. Schleupen AG, besides its company headquarters in Ettlingen, is also represented in Moers, Wunstorf, Dresden and Altenbeken/Paderborn.

For more information, please contact:
Jamal Al Masrouri                                                                 
Corporate Communications Manager                                  
Oman Oil Company                                                               
Email:  jamal.almasrouri@oman-oil.com                             

Shaza Taher
Senior Media Relations Manager
TRACCS
Email: shaza.taher@traccs.net

© Press Release 2014