Permanent Local Content Committee

Goals

The goal of the Permanent Local Content Committee is to direct efforts to maximise local content and participant in the following way and in the following key areas:

  1. Defining local content and participation in terms of the level of:          
    1. local content, control and decision-making
    1. local financing (preferential access to local finance – not just equal access)
  • Requiring preferential treatment of local suppliers by:
    • Ensuring that they are given preference and assurances from the principal operator, which is not differed to primary or other contractors.  these assurances will include, access, treatment and re-imbursement for goods and services actually provided
    • Addressing barriers that currently prevent this from happening.
  • People development in key areas that allow locals to take more value added, analytical and decision-making roles to ensure that existing regulations and processes, like work permits, are aligned to ensure compliance with the policies and strategies;
    • high value added skills includes:
      • Technical
      • General Management
      • Design Engineering
      • Project Management
      • Seismic Processing
      • Human Resource Development
      • Business Strategic Skills
      • Leadership
      • Business Development
      • Commercial
      • Analytical
      • Negotiating
      • Strategy Development
      • Trading
  • Technology and business expertise that have value, consistent and sustained demand which might be transferable to other sectors of the economy. 
  • Creating and maintaining databases of:
    • projects and operations work programmes, including their needs for the provision of goods and services and their scheduling;
    • local suppliers of goods and services;
    • people development programmes and initiatives of the operators and their international contractor, including work permits awarded and the related commitments;
    • business development programmes and initiatives;
    • the progress of activities of “in country” operators, state-owned companies and agencies and their contractors, including their: –
      • local content and participation policies, strategies and initiatives
      • target, benchmarks and performance metrics
  • appropriate legislation, regulations and contracts.

Areas for immediate focus will include:

  • Fabrication
    • IT support, including seismic data management and processing support
    • Maritime services
    • Business support services, including accounting, HR services and consulting
    • Financing
    • Trading