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Brunei
Tuesday, September 27, 2022
30.9 C
Brunei
Tuesday, September 27, 2022
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    Energy sector spin-offs aim to provide opportunities for locals

    Rokiah Mahmud

    Through the Energy In-Country Value Division, the Ministry of Energy (ME) oversees the growth of local businesses and workers by enabling them access to opportunities and spin-offs generated by the energy sector.

    Energy In-Country Value Division Economic Officer at the ME Mohd Hafiz bin Haji Ismail shared this during a forum on ‘Spin-off from Decommissioning and Restoration (D&R)’ at the International Convention Centre yesterday. The forum also discussed the vision, mission as well as strategic objectives.

    Mohd Hafiz said initiatives were put through to realise and maximise them, including the enforcement of the Local Business Development (LBD) Directives for the oil and gas and power sectors, LBD Compliance and Rectification Exercise and strengthening on the Enforcement of Reasonable Wage Guidelines by ensuring companies under the oil and gas sector adhere to the guidelines.

    “Secondly, the initiatives focus on enterprise capacity building which is the introduction of local business development programmes such as i-Usahawan launched in 2018. Until today, 19 new companies have been developed and given the opportunity to provide services to oil and gas operators,” he said.

    Through the programme, 119 locals have been employed to support the contracts. At the same time, through the implementation of LBD’s Staircase Approach meant for the growth of local contractors in leading projects in the industry is within their capabilities. “The capacity building of enterprises also ensures the implementation of local content terms and conditions in major projects agreement,” he added.

    Energy In-Country Value Division Economic Officer at the ME Mohd Hafiz bin Haji Ismail. PHOTO: ROKIAH MAHMUD

    Thirdly, on Spin-off Development, the ministry focusses on four main sectors – construction, marine, logistics and training.

    In relation to D&R, the ME works collaboratively with stakeholders to ensure the project generates opportunities through the growth of local businesses, employment and local content. It aims to give insight on how the ministry will work towards achieving the strategic objectives.

    “On contractors’ growth, the ministry ensures that operators will develop and provide opportunities for local contractors to lead and form partnerships with international companies while recognising their capabilities,” he said.

    The ministry, through the main operator, also aims to ensure that operators and contractors adhere to the local employment target of 50 to 90 per cent for employees in the Engineering, Preparation, Removal and Disposal (EPRD) contracts as per included under LBD’s directives.

    The ministry will also monitor the progress of contracting and sub-contracting activities and ensure that the EPRD main contractor provides sub-contracting opportunities depending on their capabilities.

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