Registration is now open for the 10th Annual Local Content Forum.
The Local Content Forum is open to members of the Energy Chamber and provides a platform to discuss local content development in T&T.
The objectives of the forum are:
To review the targets coming out of the last forum and the commitments made in the Local Content Charter. The Energy Chamber will provide an update on the activities that we have undertaken in the last twelve months.
Operators will present on what they have been doing to achieve the targets set in the Local Content Charter.
To set new targets and activities for the upcoming year for the Energy Chamber and additional stakeholders, as it relates to local content development over the medium to long term.
The Forum will also include tabletop discussions focusing on:
Decarbonizing the supply chain
LCMS implementation
Regional integration of energy services
Financing energy services
Working with large international contractors
Details:
Event: 10th Annual Local Content Forum
Date: November 23rd, 2022
Time: 9:00am - 12:00pm
Venue:Cara Suites Hotel
Cost: Members Only Event (Free to attend but you must register)
AGENDA
8:30am – 9:00am
Registration and Breakfast
9:00 am - 9:02 am
Welcome
Andrew Hosein, Research Specialist, Energy Chamber
9:02 am – 9:05 am
Opening Remarks:
Dr. Thackwray Driver, President and CEO, Energy Chamber
9:05 am – 9:10 am
Address:
Jerome Dookie, Chairman, the Energy Chamber of Trinidad and Tobago
9:10 am – 9:25 am
Primary Sponsor Remarks:
Carla Noel Mendez, Corporate Affairs Manager, Woodside Energy Trinidad
9:25 am – 9:30 am
Remarks:
Martin Esson Benjamin, Vice President, Procurement and Supply Chain Management, Atlantic
9:30 am – 9:35 am
Remarks:
Kurt Scotland, Senior Manager, Supply Chain, The National Gas Company of Trinidad and Tobago Limited
9:35 am- 9:40 am
Update on the Energy Chamber’s local content initiatives:
Ricardo Mahadeo, Chairman, Sustainability of the Energy Services Taskforce, Energy Chamber of Trinidad and Tobago
9:40 am - 9:45 am
Local Content Data: Results from Operator Survey & LCMS Data
Andrew Hosein, Research Specialist, Energy Chamber
9:45 am – 9:50 am
Presentation on Exporting Energy Services
Aribeca Cazaubon. Manager, Regional Business Development (Ag), National Energy
9:50 am – 10:10 am
Q&A
10:10 am – 10:30am
Coffee Break
10:10 am – 11:00 am
Break Out Sessions
1. Decarbonizing the supply chain
The Energy Transition is firmly underway around the world. Governments and private sector organizations have committed to reducing their emissions and transitioning to a lower carbon future. T&T has outlined its ambition to reduce emissions and to increase renewable energy on the grid. Many operators have also committed to NetZero targets.
To achieve this, several projects have already been announced including grid scale renewable energy projects, small scale solar and a hydrogen project.
What role can local content play in these projects and future projects to reduce emissions? How can the services industry also reduce emissions in the supply chain and in the provision of services to operators? What support is needed? What options are available? How can the Energy Chamber assist in this area?
2. LCMS implementation
Two years ago, the Energy Chamber launched the Local Content Management System. To date, over 500 companies have completed the system. The system is intended to generate an unbiased and consistent approach to measuring local content within the supply chain. In this session, we would like to focus on how the LCMS is being implemented from the operator point of view and also from the energy services company point of view.
How can the system be valuable to both parties? How can operators use the system to engage with contractors? How can contractors use their score for the benefit of their business? How can the Energy Chamber assist in this area?
3. Regional integration of energy services
Globally, all eyes are on the developments in the Southern Caribbean Basin. The prolific finds in Guyana coupled with significant discoveries in Suriname has brought this geography into prominence. Other areas in CARICOM like Grenada, Barbados, Dominica and Jamaica have also been gaining attention. This creates a huge opportunity for T&T energy services companies to execute more projects in the region due to the availability of labour and equipment.
How can T&T be a bigger player in the regional services market? How can we assist in the development of the private sector in other markets? What is needed to be able to provide services regionally? How can the Energy Chamber assist in this area?
4. Financing energy services
One of the major hindrances in the energy services industry is access to financing. Traditionally, financing through the commercial banks has been difficult, as there is a perception that the banks are risk averse and do not understand the industry.
What can be done to improve access to financing for services? What financial instruments make the most sense to services companies? What role can the government play? How can the Energy Chamber assist in this area?
5. Working with subcontractors
While many services within the supply chain is executed by local energy services companies, many large international contractors engage directly with the operator and in turn subcontract services. This can create efficiency for contracts, but it also brings up unique challenges for contractors. How can the Energy Chamber assist in this area?
How can this relationship be improved. What is needed to engage with international contractors? How can the Energy Chamber assist in this area?
11:00 am – 11:30am
Feedback from break-out sessions
11:30am – 1:00 pm
Networking and Lunch