Local Content Oil and Gas Training

Course Length: 5 Days

Course Description:

• This Local Content Oil and Gas Training course has been specially designed for participants to be able to understand how the Local Content can create value in the host countries in which they operate by:
• Developing a competitive workforce and businesses, to provide cost-effective, reliable and quality human resources and procurement solutions for the country’s oil and gas projects oil & gas value chains
• Supporting the transformation of a host emerging economy to economic diversification
• Developing competitiveness and building the technological capacities of firms located in geographical proximity to extractives projects, by facilitating the development of regional clusters and industrial parks
• Meeting host community expectations by developing skills and access to broader opportunities for local communities;
• Creating sustainable economic benefits beyond the oil & gas sector

Who Should Attend:

The course is designed for anyone involved in managing and implementing Local Content strategies in:

• Oil and Gas Companies
• EPC Companies, Contractors and Sub Contractors
• Government and regulatory authorities
• Industrial Development Agencies and International organizations
• Project Financiers and Legal Communities
• Process Equipment and Control Suppliers

Course Outline:

Local content value creation definition for host countries:

Undertake the country context review and identification of the risks and opportunities associated with developing Local Content

Understand the legal, regulatory and contractual requirements that companies are bound to comply with, the expectations and higher-level public policy that lies behind these

Alignment of companies Local Content value proposition with the host country’s industrial and economic development policies to streamline efforts, ensure long-lasting support from government and promote sustainable in-country value along all stages of any oil & gas project lifecycle and beyond through the entire oil and gas value chain.

Collaboration and Partnerships on Local Content Strategies:

• Engage and collaborate with those who share an interest in ensuring Local Content programmes do create ‘shared value’
  Conduct an aggregated industry workforce and goods/services demand and a supply analysis to identify what can be implemented during projects life cycles
• Design a collaborative strategy setting out the high-level objectives and definitions for Local Content endorsed by stakeholders, outlining respective stakeholder roles and responsibilities

Rule of engagements for government and regulators:

• Local content strategy definition: Detail requirements including overall objectives and boundary conditions, clear and effective policies, guidelines and monitoring processes
• Managing risks and spotting opportunities: prepare and periodically review policies, strategies, acts and regulations, set targets and monitor results, strengthen legal and regulatory frameworks
• Synergy with country economic development plan and most pressing social economic challenges: communication and alignment with other key stakeholders the country plans and range of benefits that can be gained through Local Content programs

Local Content strategy for individual oil and gas companies

• Company’s local content strategy definition: business case, expression of the company’s commitment to the collaborative strategy, based on factual analysis, quantifies trade-offs, describes a narrowly focused set of objectives for an internal action plan, sets local content targets for goods and services and human resources positions, and defines the resourcing and organizational structures and systems required to deliver
• Managing risks and spotting opportunities: local market opportunity and risk analysis required before giving ‘preference’ to local businesses (even when mandated), including assessing the risk of unintended consequences and mitigations
• Finding a balance between competitiveness advantage and corporate responsibility: Communicating opportunities, simplifying procurement and contracting process, collaborative industry approaches to supplier pre-qualification, involving lead contractors/suppliers, and identifying and managing corrupt practices risks, monitoring & evaluation.

Cases studies and examples of successful collaborative initiatives and partnerships between Local Content key stakeholders to address key gaps across the oil and gas value chain:·