Procurement by Oil and Gas Companies
Local Content
In December 2014, the Falkland Islands Government approved a Local Content Code of Practice in order to put local businesses at the heart of the procurement of goods and services for the oil and gas industry.
Purpose
The Code of Practice seeks to advance the stake of the people of the Falkland Islands in the developing oil and gas industry in a sustainable manner and to ensure capacity development and employment of Falkland Islands’ people, use of Falkland Islands’ goods and services, transfer of technology and know-how, localisation of knowledge and ownership. This in turn seeks to create a legacy of long term benefit and growth to the Islands economy and helps to retain as much ‘value’ locally as possible.
The Code is expected to encourage the integration of the oil and gas sector with the other sectors of the Falkland Islands’ economy to effectively support national growth and development through the development of joint projects/facilities, joint ventures and partnerships.
The intent of this Code is to ensure that at every stage of the exploration, production and marketing of the oil and gas resources as well as related businesses, maximum use shall be made of available local capacity. It will ensure that the capability of Falkland Islands’ people is developed sustainably to ensure progressive increases in local content and local participation.
Local Content Board
The Local Content Board will oversee the implementation of the Code of Practice and the Local Content Register.
Contact
For further information or if you have any queries please contact the Department of Mineral Resources on +500 27322 or email