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BP Trinidad & Tobago (BPTT): Strategic decision-making in local supply chain development

09/08/2019

Being Local content a major priority of the Trinidad and Tobago Government, which aimed to maximize the level of participation of its national people, enterprises, technology and capital through the development and increasing use of locally-owned businesses, BPTT needed a huge investment in expansion to develop a series of new offshore platforms: Cannonball, Mango and Cashima.

To support local content, BPTT considered a strategy to the design and construction of these platforms to be valuable opportunities for building competitive local engineering and fabrication capacities. This was a challenging decision in the initial instance, because the local fabrication would incur in a high premium of $10 million in a total cost $54 million relative to international fabrication and it was necessary to enhance local skill levels in engineering, design and fabrication to support local participation.

BPTT facilitated local fabrication by supporting the creation of two Joint Ventures. One was for engineering and construction management with Fluor Corporation and Summit. The second was for fabrication with Trinidad Offshore Fabricators Co. Ltd. (TOFCO), a JV of Chet Morrison Contractors and Weldfab Limited. Both JVs provided the means to develop local capacities through both technical training and mentoring.

The benefits of the strategic approach for BPTT have been significant to the Trinidad and Tobago economy, overall: development of competitive local suppliers enabling them to win other contracts, Cost savings, BPTT staff capacity development, Local economic development and Stakeholder recognition.

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