IMSolutions is one of ICV Company. What dose meanICV?
ICV means in country value that company crating for people whos live around production area because the manufacturer and station affect that people .
in 2011 government and his Majesty Sultan Qabos Oman issued to give that people company and for that company 40% for all projects in Oman also in ALDUQAM .but they should company have experience or goint venter with experience company.
and also i will write down for means ICV for each client In Oman.
1-Petroleum development Oman company (PDO)
PDO aims to share the benefits of the oil and gas industry across Oman through its In-Country Value (ICV) strategy. PDO is committed to maximising the procurement of local goods and services as well as improving the capacity and capability of Omani people and companies in order to secure sustainable commercial benefits for the Sultanate.
ICV is defined as the total spend retained in country that benefits business development, contributes to human capability development and stimulates productivity in Oman’s economy.
Since the 1970s, PDO has been hiring, training, supporting and investing in Oman but its ICV strategy became firmly embedded in the Company’s business philosophy in 2011 with the following key aims:
1. Omanisation of skilled contractor personnel
2. Increasing the procurement of Omani goods and services
3. Local vendor development
4. Goods and Services
PDO has pioneered new common oil and gas industry standards for ICV requirements in contracting and procurement, aiming to:
Maximise employment of Omanis and placements on vocational/professional training, making these opportunities attractive to Omani graduates and technical school leavers (Oman and overseas)Maximise expenditure on goods and services by Omanis in OmanMaximise and develop locally produced materials, products and equipment that (i) maximise value-add in Oman, (ii) introduce new technologies, and (iii) grow Oman’s export industriesDevelop world class domestic capability in vocational/professional education and training institutions, matched to ‘real’ industry opportunities(Within tender evaluation) Reward contractors who commit to Oman, in both short-term (contract execution) and in the longer term.
In 2015, PDO awarded contracts worth US$3.7 billion to locally registered firms. The Company has broadened its support of domestic businesses through a variety of initiatives, including technical assistance, ring-fencing the supply of locally manufactured/provided goods and services, the establishment of Omani repair facilities, in-country engineering services and a variety of new in-country manufacturing facilities. Internally, PDO has also launched a network of 15 focal points to help embed ICV across the business. Team members are the first point of contact for ICV advice in their directorates, lead ICV evaluations in tendering and promote ICV achievements across the Company.
ICV Business Opportunities
PDO is leading the way on offering business opportunities to Omani companies.
A major ICV blueprint strategy for the entire Omani oil and gas industry was unveiled on 18 December 2013 with the aim of unlocking a US$ 64 billion windfall for the Sultanate’s economy and creating 50,000 Omani jobs in the sector by 2020. A total of 53 business opportunities in the industry were identified at a special conference at the Al Bustan Palace Hotel in Muscat which are being unveiled in waves to the Omani business community.
For more information : www.incountryvalueoman.net
Local Business Development
PDO’s local business development mission is to improve the capacity and capability of the local companies with which we engage, in order to achieve cost reductions, continuous business improvement in PDO’s operations and contribute to Omani economic growth and job creation.
Local business development has been identified as one of the key enablers to support the success of the ICV blueprint strategy overall. This enabler has been embedded in the implementation of opportunities as a strategy solution as well as in related cross-industry initiatives with the following objectives:
Promote visibility and business across the supply chainProvide support for the development of local companiesEnhance the creation of SMEs and spin-off companiesEnhance attraction of international suppliers, andEstablish long-term relationships.
The following objectives summarise the intended benefits of the Vendor Development programme:
Support local businesses meet minimum oil and gas standards (fit for tender)Support local businesses while executing the scopeSupport local businesses diversify offerings through R&D and innovation (products and services)Support local business growth – access to new marketsSupport local businesses to obtain related certifications or accreditationSupport local businesses’ pre-qualification and inclusion in the Joint Supplier Registration System (JSRS).
General note on local business development practices:
There is no single, universally applicable approach to local business development; each situation needs to be assessed on its own meritsLocal business development projects should be capable of being assessed in terms of quantifiable business benefitsLocal business development is a two-way or three-way activity in that it should be thought of as a joint activity performed by buyer /contractor/vendor.
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JSRS – Joint Supplier Registration System
PDO is a leading supporter of the Joint Supplier Registration System (JSRS), an ICV initiative of the Oman oil and gas Industry, which has been spearheaded by the Ministry of Oil and Gas in association with the Sultanate’s major operator companies.
The JSRS system addresses the core needs of operators by bringing onboard all the approved suppliers who pass the industry’s validation process and provide for a continuous connectivity between operators and suppliers for ongoing procurement opportunities. This initiative went live on 30 June 2014.
The main benefits of JSRS are that it provides:
A single online supplier registration systemA way to pursue easy-to-implement opportunities in repair and fabricationA database of oil and gas operators in OmanTransparency for business opportunitiesExposure of Omani companies to international marketsIncreased competencies for customersA trigger for CVC certification from OPAL.
Find out more using the website below:
Joint Supplier Registration System
ICV Monitoring and Reporting System
PDO has become the first operator in Oman to develop and implement an ICV data collection system.
The main purpose of the system is monitoring successfully awarded contractors an ICV performance based on the plan and ensuring targets are met. The system is web-based which makes it easy to access for contractors at any point of time and is designed with a unique format to capture all seven ICV elements and the reporting of ICV performance.
The system went live on 24 September 2014 and the main benefits it provides are:
A single tracking system on ICV dataAn analysis of localisation values on contractsA measurement of a supplier’s performanceA reduction in the time/effort needed to collect ICV dataA way to minimise data consolidation errorsAutomated workflow & approval.
Find out more below:
ICV Monitoring and Reporting System website
Local Community Contractors and Super Local Community Contractors
We have been careful to ensure local communities benefit from our activities and in 1998 launched the Local Community Contractor (LCC) initiative to give people living in our concession area opportunities to establish their own companies that could provide services to PDO and bid for supply contracts. We have reserved an LCC scope in main contracts and offered guidance and support. There are now specialised LCCs in areas such as maintenance, logistics, electronics, civil engineering, manpower supply and well services, with more than 3,000 Omanis currently working for them.
This story has moved into an exciting new phase and we have also established four Super Local Community Contractors (SLCCs) – larger scale operations generating new employment avenues and entrepreneurship opportunities for thousands more Omanis. The SLCCs are businesses, working on hoists, well interventions and flow line replacement, which collectively have around 9,300 shareholders, all from within the PDO concession area. The SLCCs employ more than 700 staff and have been awarded contracts worth US$640 million. Recent share subscriptions have pushed their combined capital value beyond RO 23 million.
PDO has established a dedicated team helping SLCCs identify and develop business opportunities. This includes specially ring-fenced work in contracts assigned to each of the four SLCCs covering PDO’s core business. In addition to the allocation of these contracts, PDO has provided dedicated support to the SLCCs, including:
Appointing a business consultant to help them establish corporate governance through selecting and training Board members and key executives.Developing business plans, setting up HSE and management systems to industry standards and providing dedicated technical support in whatever work scope the SLCC is executing.Seconding PDO’s experienced staff members to each of the four companies so that they better understand oil and gas operations.Training Omanis living in the concession area so that they are suitably skilled for employment by SLCCs.Allocating industrial plots and workshops at PDO-owned locations.Purchasing necessary equipment to execute the assigned work.
Overall, the four SLCCs are progressing very well, focusing on business growth efficiency and ramping up Omanisation. From the outset, the SLCCs have given utmost priority to recruit, develop and retain an Omani workforce especially from the concession area.
A fifth SLCC Al Khazain Oilfield Company has recently been established in Al Wusta Governorate (in the middle of the PDO concession area). This has 1,189 shareholders and capital ofRO 4 million. It’s core activity scope will be provided by another operator, while PDO will provide the supplementary scope.
What is In-Country Value?
ICV is the total spend retained in-country that can benefit business development, contribute to human capability and stimulate productivity in the Omani economy. In short, products made and services provided by skilled Omanis.
Orpic fully supports the national ICV programme and the Ministry of Oil and Gas` (MOG) formation of an ICV Committee. The company has embedded ICV into its own business planning model, with particular reference to its major projects over the next four years.
Through this it aims to espouse the ICV Committee`s specific initiatives that cover the development of a local workforce, the increase in local sourcing of goods and services, the enhancement of the business environment and infrastructure development, the implementation of a Joint Supplier Registration System (JSRS) and defining a standard approach to contractual Terms and Conditions.
Current and Future ICV impacts
In 2012 47% of Orpic`s total purchasing spend was within Oman, and in the past two years Orpic has committed 10% of its Oman contracts and procurements to the Al Batinah region.
The Suhar Refinery Improvement Project (SRIP) which is due to be completed in 2016, will continue to champion value-added for both the local and national economies. Through the project, Orpic is looking to channel 15% of its value directly to drive the in-country value factor. That will mean around US$375 million directly stimulating the national economy.
Sponsoring ICV projects
Orpic has also chosen to act as sponsor to three Business Opportunities being promoted by the In-Country Value Programme Management Office, two of which are suitable for development by SMEs. The opportunities are:
Fabrication of scaffolding and scaffold parts, as well as scaffolding servicesPurchasing of Commodity ChemicalsTank maintenance and cleaning
Between them, these projects should create hundreds of jobs and several hundred million dollars` worth of ICV.
For more on ICV in Oman follow this link www.incountryvalueoman.net.
Current and Future ICV impacts
3-this link for Oil and Gas minstary about ICV