Local Content Management in the Oil & Gas Industry

About the Course

Local Content is the development of local skills, oil & gas technology transfer, and the use of local workforce and local manufacturing. It refers to developing skills, technology transfer, and utilising the local workforce and manufacturing in a specific industry or region. In the oil & gas industry context, it involves strategies to build a local workforce and supplier capacity, integrate local content with business plans, and effectively monitor the programs.

The 5-day interactive Local Content Management in the Oil & Gas Industry training course aims to discuss the business benefits of developing these components and provide practical insights on what works best for the region. It will also equip delegates with a comprehensive understanding of the oil & gas sector and how local content relates to projects in this industry. Additionally, it will offer practical advice on realising the potential value of local content and creating shared value through its development.

It will also cover the importance of local manufacturing in the oil and gas industry. It will explore strategies for promoting local manufacturing capabilities and fostering partnerships between international companies and local manufacturers. By emphasizing the use of local workforce and local manufacturing, this programme aims to enhance the overall economic impact of oil & gas projects in the region.

Core Objectives

This training course will enhance delegates’ ability to identify, understand, and oversee local content policy and planning in the oil & gas business. It will improve your knowledge and skills in mastering the implications of local content provisions in an oil field development project.

The delegates will achieve the following objectives:

• Identify the critical factors in the local content provisions applicable to a given contractual context and assess their impact on the execution of an oil field development project
• Understand the development and implementation of local content strategy and execution of a local content management plan, take part in a procurement contract tendering, negotiation, and follow-up, taking into account the impacts of local provisions on workforce management
• Manage local content regulations and requirements in key oil & gas producing nations around the world
• Know the latest updates to local content calculation methodology and its impact on the projects and planning
• Participate in the elaboration of a local content management plan
• Learn how to significantly improve the management of local content internally and across your supplier base

Training Approach

This training course draws on extensive practical and global experience, and it will take the format of presentations with practical case studies and interactive group tasks/exercises to ensure that participants have ample opportunity to discuss, challenge and understand the key principles in Local Content Management in the Oil & Gas Industry.

The Attendees

This training course will significantly assist in demonstrating the business’s strategy for developing local source programs for its major clients.

It is suitable for a wide range of business professionals, including (but not limited to) the following delegates that have a direct involvement or exposure to the impact of procurement management:

• Local Content Managers
• Supply Chain Professionals
• Human Resource Managers
• Operations & Logistics Managers
• Supply Chain & Procurement Managers
• Planning & Strategy Managers
• Project Managers
• Business Development Managers
• Professionals who wish to develop a career in Operations and Supply Chain Management

Daily Discussion

DAY ONE: LOCAL CONTENT IN THE OIL & GAS INDUSTRY – WHAT’S IT ALL ABOUT

• Oil & Gas: An Evolving Sector
• Oil & Gas Role within the Global Economy
• Defining Local Content?
• Major Global Oil & Gas Providers by Country and Region
• What are Local Content Requirements (LCRs)?
• Why do governments wish to increase Local Content?

DAY TWO: GEOPOLITICAL FACTORS INFLUENCING OIL & GAS SUPPLIES

• PESTEL Analysis
• Local Content Influencers
• Identifying Local Content Capabilities: SWOT Analysis
• What’s next in the energy sector?
• Impact on Oil & Gas

DAY THREE: PROVISION OF LOCAL CONTENT IN SUPPLY MANAGEMENT

• Nature of Local Content
• The Case For & Against Local Content Policy Provisions in the Oil & Gas Business
• What is a Local Content Plan (LCP)?
• What can realistically be locally sourced by region and country?
• Quick Win Opportunities & Tactics

DAY FOUR: DEVELOPING NATIONAL CONTENT STRATEGY

• End-to-End Stepped Process
• Building and Developing Human Capacity
• Developing Oil & Gas Industry Capacity
• Content Implementation
• Local Content Agenda, Targets, Measures, and Mechanisms to Meet Local Content Requirements
• Monitor and Implement Targets Performance of Local Content
• Building a Globally Competitive Supplier Base: Focusing on Community Participation in the Supply Chain
• Local Content Management Plan (LCMP)
• Local Content vs Local Content Development

DAY FIVE: NEGOTIATION AND DRAFTING OF LOCAL CONTENT PROVISIONS 

• Procurement and Contract Strategy
• Terms & Conditions (Ts&Cs)
• Contract Flow Down Terms & Conditions
• The Balanced Scorecard
• Consequences of Local Content Provisions on the Execution of a Procurement Contract
• Contractual Strategy Including Impact on Oil & Gas Contracts