BRUNEI DARUSSALAM: Directive 1: Directives on Local Business Development in Oil & Gas Industry

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2011
Scope: 
National
Document Type: 
Other
Economic Sector: 
Energy
Energy Types: 
Oil, Gas
Issued by: 
Office of the Minister of Energy, Prime Minister's Office
Source: 
Energy and Industry Department
File: 
Directive 1: Directives on Local Business Development in Oil & Gas Industry
Overall Summary: 
It provides for Directives to be adopted by Oil & Gas Operators and their Principal Contractors and Suppliers in their contracting activities for goods and services, in order to pro-actively prevent monopolies/ market domination which have as their object or effect the appreciable prevention, restriction or distortion of competition within Brunei.
Pricing
Energy pricing: 
The Oil and Gas Operators and their Principal Contractors shall: [...] ii . Put in place mechanisms to prevent and discourage collusion, bid-rigging, price-fixing and other predatory behaviors towards competitors;
Investment
Bidding and Tendering: 
The Oil and Gas Operators and their Principal Contractors shall: [...] iii. Award work by adhering to strictly set standard tender procedures, therewith avoiding awards based solely on trust or market domination; iv . Ensure that proper measures and checks are in place to ensure that any sub-contracted activities are awarded in a competitive manner, with a particular scrutiny with regard to works being awarded to affiliates of Principal Contractors and Suppliers.
Governance
Energy management principles: 
The Oil and Gas Operators and their Principal Contractors shall: i. Strive for a fair, level playing field and maintain a competitive environment, including but not limited to certain larger market segments, such as Offshore and Onshore Constructions & Maintenance Services; ii . Put in place mechanisms to prevent and discourage collusion, bid-rigging, price-fixing and other predatory behaviors towards competitors;