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In this exclusive interview, Oil & Gas iQ speaks with the Executive Secretary of the Nigerian Content Development and Monitoring Board, Ernest Nwapa, about how local content has progressed in his country.
In the course of the interview, Ernest touches on:
- Changes in the approach of IOCs to local content after the passing of the Nigerian Local Content Act of 2010
- What frontier countries embarking on local content strategies can learn from the Nigerian story
- Looking at the pros and cons of Petrobras and Brazil’s attitude towards local content
- The importance of stimulating SME growth in the development of a winning national development strategy
- Inclusiveness – all rungs of the ladder need to have equal access to the benefits of a local content stratagem
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Critical Steps To Ensure Long-Term Local Content Success
Michael Hackenbruch, Director of Advisory Services at BSR talks about defining and refining local content strategies in the global energy sector. In the course of this interview, Michael how local content impact a mining community compared with an oil and gas community and where in the world is local content done best and what does best-practice consist of?
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An Update from BP - Driving Local Content in Trinidad & Tobago
Curtis Mohammed, Director of Developments at bpTT, joins Oil and Gas IQ to discuss BP's key achievements with Local Content in Trinidad and Tobago. The interview looks at why Local Content is important to BP and explores how the company has contributed to local supplier development in the region, as well as outlining bpTT's major priorities for Local Content, going forwards into 2011. Curtis Mohammed will be representing BP on the Local Content Leaders Panel at the 2010 Global Local Content Summit, and this interview gives a snapshot of the key learning points he will be offering.
Haven’t got the technology to play the podcast? Download the transcript here:
An Update from BP - Driving Local Content in Trinidad & Tobago
Whitepaper
The “Ten Commandments” for Building and Implementing an Effective Local Content Strategy
Nowadays, in a world of extended requests for local content with mounting external pressure to absorb further responsibilities for local economic impact and social improvement, companies have begun to look for new approaches to local content.
However, there are a number of internal and external obstacles which companies must consider when designing and executing effective local content programmes. Based on project experience, the following is a cast iron set of “commandments” to abide by to engender a successful local content experience.
Michael Hackenbruch
Principal Advisor
urbanpol
Articles
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The Metal And Minerals Sector: A Gold Mine For Local Content?
When we think of local content, the conversation naturally turns to developments in the global oil and gas sector, which has had established and rigid local content regimes for many years. However, the worldwide metal and minerals sector is another global industry that has followed a divergent evolution with respect to local content, and may well have more of an impact on fostering indigenous industry.
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4 ways in which local content can lead to local contentment
In developing countries from Timor-Leste to Trinidad & Tobago, national governments are enshrining in law, local content targets of varying percentages to encourage home-grown jobs and industry.
Ratified and signed into law in April 2010 by acting President Goodluck Jonathan, the Nigerian Oil and Gas Industry Local Content Development Bill 2010 placed stringent obligations on upstream oil companies in the areas of finance, community and the local workforce. Read article...
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Progression towards Local Content in Uganda
Among several developing nations increasingly at the heart of Local Content debate in the oil and gas industry, Uganda has now been considered for some time a frontrunner in terms of opportunities. A government-commissioned study recently backed this up, analysing how the country's citizens, private sector and state agencies can benefit from maximisation of Local Content. The findings suggest that proposed Local Content laws, requiring oil firms operating in Uganda to prioritise local suppliers and personnel, will bring nothing but good news for the nation's developing economy.
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The Santos Basin - An Offshore Klondike?
The Santos Basin, located in the south Atlantic Ocean some 300 kilometres south east of Brazilian megalopolis Sao Paulo, is one of the world's largest oil prospects.
Extending some 352,260 square kilometres beneath 2km of pre-salt layering, the Basin is home to two of the world's largest recently discovered oil fields, Tupi and Jupiter, which weigh in at a potential 8 BBOe each. Full exploitation of these vast oil riches will mean unheard of spending and investment for the South American nation, and interesting times for Brazilian local content.
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Local Content: Just How Much Is Too Much?
As a prelude to Global Local Content Summit 2011, Oil and Gas IQ conducted a survey to canvass opinions on contemporary issues in the field. The following editorial is an analysis based on the survey's findings.
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Making the benefits of local content universal
The global stature of the oil and gas sector may offer major benefits to multinational companies operating in a range of territories, but efforts are regularly being made to ensure that the local communities that such organisations work in also reap some reward...
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Nigeria looks to a local content future
Few industries have the same truly global impact that the oil and gas sector has, with massive multinational corporations often dominating the market. However, this can mean that the countries where reserves are based lose out in business terms, as large firms bring in specialist workers from further afield to get their operations up and running. However, some countries have started to fight back through the concept of local content…