18 Petroleum Producing country leaders assemble at ALCSS 2019 for discussions around shaping the future through sustainable Local Content Policies in Africa.
Recent oil reports have shown that Crude Oil (Petroleum) production from West African countries is expected to increase from 1935.90 in 2018 to 3006.24 thousand barrels per day in 2024. Such large extractions of oil will drive up the economy, as there will be a rise in the consumption of power and rapid growth of infrastructure development.
To further establish this growth, the government must invest in skills, training and jobs for locals in the business. This will result in raising the concept of localisation in places such as Ethiopia, Rwanda, Nigeria and Angola. As a result a new foundation of regulatory frameworks and financial aspects for increasing local content in the oil and gas industry of Africa will become orthodox.
“For local content to be sustainable, a long term, end to end localisation approach must be followed from exploration through to decommissioning phases in the typical oil and gas lifecycle”The executive director of LADOL, Mr JideJadesimi, reveals insight towards maintaining strategic solutions within the oil and gas entire value chain to achieve sustainable development through local content policies.
Mr Jadesimi continues in his interview to claim “Africa’s future strength and stability hinges on sustainability…local content policy needs to be aligned with broader national development objectives.”With that said, at ALCSS 2019 decision makers from African petroleum producing countries, as well as senior stakeholders and Government officials will gather to discuss strategies for local content policies and discover new investment plans, projects and programmes for natural resources in the country. Mr Jadesimi will be speaking at ALCSS 2019, on behalf of LADOL.
The ALCSS Programme will feature interactive discussions from panel of speakers around the following topics:
• Regulatory and policy frameworksthat promotes public local content policies and corporate local content strategies.
• Financing local content across the oil and gas value chain.
• Enhancing national skills and capacity development for greater national industry participation
With the support of APPO, ALCSS will provide the best practical solutions for a sustainable national industry participation and domestic value addition through local enterprise, contractor and supplier value chain development. Stakeholders within the industry, and members of both Private and Public sectors will be in attendance of the conference and exhibition.
For more information, please visit: ALC Website
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