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PETROLEUM COMMISSION, GHANA
Preparing indigenous Ghanaian companies to play active roles in the upstream oil and gas industry
© Petroleum Commission, 2019 1
Presented By:
Kwasi A. M. Senya Chartered MCIPDMANAGER, BUSINESS ADVISORY & ENTERPRISE DEVELOPMENT
PETROLEUM COMMISSION, GHANA
Outline
• Background
• Objectives - Expected role of IGCs
• Strategy
• Situational Update
• Way Forward
© Petroleum Commission, 2019 2
PETROLEUM COMMISSION, GHANA
Background
© Petroleum Commission, 2019 3
Section 3 (f) of the Petroleum Commission
Act, 2011, mandates the Commission to promote local content and local
participation in petroleum activities as prescribed by law to strengthen national
development.
Pursuant to this provision, the Petroleum (Local Content and Local
Participation) Regulations, 2013 was passed in
November, 2013 to among other responsibilities,
increase the capability and international
competitiveness of domestic businesses.
The Business Advisory & Enterprise Development
(BA&ED) Department was created to ensure that
the objectives of Regulation 1 (a), (b), (c),
(d) and (e) of L.I. 2204 are realised.
PETROLEUM COMMISSION, GHANA
Major Components of Local Content
© Petroleum Commission, 2019 4
Employment & Skills Transfer
Value Addition & Inward investment
Supply Chain
PETROLEUM COMMISSION, GHANA
Objectives
• The growth of IGCs should be proportional to the growth of industry;
• IGCs adopt appropriate systems or international best practices that will make them competitive in their operations;
• IGCs become as competitive as their Foreign/JV counterparts in the execution of contracts;
• IGCs employ and train Ghanaians to sustain their businesses;
• IGCs become the engine or key contributor to the growth of the economy
© Petroleum Commission, 2019 5
PETROLEUM COMMISSION, GHANA
Strategy
• Provide appropriate capacity development for indigenous Ghanaian SMEs to meet international requirements in the upstream industry;
• Support Vendor/ Supplier development programme;
• Create the appropriate platforms for indigenous Ghanaian companies to form strategic alliances or partnerships leading to their capacity development;
• Communicate available procurement opportunities and their requirements to indigenous Ghanaian SMEs –ePortal System
© Petroleum Commission, 2019 6
PETROLEUM COMMISSION, GHANA
Strategy Contd.
• Address vendor payment & invoice challenges facing local companies;
• Address credit constraints and high cost of capital facing local companies;
• Support local companies to acquire the requisite technical certification;
• Implement a Common Qualification System
• Provide general business support services.
© Petroleum Commission, 2019 7
PETROLEUM COMMISSION, GHANA
Situational Update
• Knowledge:• Workshops (18 Workshops)
• Supplier Development (Tullow, Halliburton, Aker, Subsea7, ExxonMobil)
• Networking Sessions (Enterprise Singapore, SDI, others)
• International Exposure through Trade Missions (Aberdeen, Houston, Calgary)
• Contracts to the tune of $420M approved. $77M representing 18.3% went to IGCs
• 82% of the 771 registered companies are indigenous
• Common Qualification System scope developed
© Petroleum Commission, 2019 8
PETROLEUM COMMISSION, GHANAENTERPRISE DEVELOPMENT: KNOWLEDGE
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Overview of theupstream Oil & Gas
industry
Overview of Laws,Regulations &
Guidelines
Responding toInvitation to
Tender
Quality, Health,Safety &
EnvironmentalManagement
Business Ethics &Corporate
Governance
Local ContentRegulationCompliance
General BusinessManagement
BusinessCommunication
Joint Venture &Contract
Negotiation
Participation by companies
Accra Takoradi
© Petroleum Commission, 2019 9
PETROLEUM COMMISSION, GHANAParticipation by Gender
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Male
70%
Female30%
ACCRA
Male
82%
Female
18%
TAKORADI
Male Female
PETROLEUM COMMISSION, GHANA
© Petroleum Commission, 2019 11
PETROLEUM COMMISSION, GHANA
© Petroleum Commission, 2019 12
PETROLEUM COMMISSION, GHANA
© Petroleum Commission, 2019 13
PETROLEUM COMMISSION, GHANA
Way Forward
• Focus on building local capacity to increase value addition
• Expand the focus of capacity development to include Technical / Direct Services
• Follow up to assess the impact of capacity building workshops and business advisory services
• Work with the financial institutions to address access & cost of capital
• Deepen the roles of IGC’s in Joint Ventures (JV’s)
• Develop backward and forward linkages
• Engage facilitators from IOCs for some workshops
• Implement a Common Qualification System to verify capacities and capabilities of IGCs
© Petroleum Commission, 2019 14
PETROLEUM COMMISSION, GHANA
© Petroleum Commission, 2019 15
THANK YOUBusiness Advisory & Enterprise Development Department
Petroleum Commission, Ghana
Website: www.petrocom.gov.ghEmail : [email protected]
Contact number: 0302943201
