Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2012
Scope: 
National
Document Type: 
Guideline
Economic Sector: 
Energy
Energy Types: 
Oil, Gas
Issued by: 
Energy Department, Prime Minister’s Office Negara Brunei Darussalam
Overall Summary: 
This document specifies the guidelines which are to be utilised in the implementation of the Directive 2 on Local Business Development Framework or LBD Framework for the Oil & Gas Industry as issued by the Energy Department, Prime Minister’s Office (EDPMO) on 1st February 2012. The purpose is to ensure that all Operators, Contractors and Sub-Contractors in the Oil & Gas industry in Brunei Darussalam apply a consistent approach in the implementation of the Directive.
Investment
Financial incentives for energy infrastructure: 
Operators, Contractors and Sub-Contractors can consider any available financial incentives from the different government ministries to (financially) support their efforts in employing locals e.g. corporate tax credits, Department of Economic Planning and Development (JPKE) schemes, etc.
Local content requirement: 
The prioritisation on the use of local goods and services – this is implemented via the Local Business Development (LBD) Framework which includes targets for employment of locals and amount of local content.---Operators, Contractors and Sub-Contractors can consider any available financial incentives from the different government ministries to (financially) support their efforts in employing locals e.g. corporate tax credits, Department of Economic Planning and Development (JPKE) schemes, etc.---Measures to provide an enabling environment for the employment of locals is to be consistent throughout the relevant industry[...].---The contract duration should be of reasonable period so as to provide opportunity or incentive for the local companies to invest in better facilities or owning the required assets e.g. 5 to 10 years for capital intensive contracts, etc.
Bidding and Tendering: 
Provide the opportunity for the smaller local companies to grow and develop: [...] For specific market segments within the Development Quadrant, the bid list shall be restricted to the small Local companies.
Governance
M&E of policy implementation: 
Local Content Opportunity Framing report needs to be prepared for major projects / contracts / agreements[...].