In-Country Value (ICV) is an ambitious plan embarked by Local Governments to boost the oil and gas industry's contribution in the socio-economic development of each countries. ICV is defined as the total spend retained in country that benefits business development, contributes to human capability development and stimulates productivity in country’s economy. Through implementation of ICV, the aim is to induce economic growth and contribute to sustainable development through promoting human resource development and building/enhancing local capabilities by increased local sourcing of goods and services. Our ICV support included some of the below key aspects; but not limited to:
Our primary aim to utilize locally manufactured, produced or assembled products for all our projects as well as to provide to all our stakeholders. In support of ICV objectives, national sourcing of goods and services take a priority in Brownfield Energy by maximizing procurement of goods manufactured locally and services provided by companies within the country we are operating. There are quite several approved local suppliers of which there are substantial number of Small and Medium Size enterprises (SME) as well as Local Community Contractors (LCC) operating within the oil and gas concession areas in each countries we operate. BE endeavors to exceed the expectations of ICV as it has entranced the ICV values in its business process. Depending on their field of expertise, these companies get invited to participate in tenders related to goods and services. In fact, every BE field site has both SME and LCC companies providing goods and services.