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By Definition

In-Country Value (ICV) is the contributions in the oil and gas sector through its retained expenditure in Brunei that benefits business development either through employment or local goods and services, capability development, and stimulates the productivity in Brunei's economy.

ICV Department in BSP was established in April 2018 and is accountable for the identification and implementation of ICV strategy for BSP in-line with the Fit For Future ICV growth objectives.

ICV Strategic Themes

ICV strategy is underpinned by six key themes:

Targeted
in-country manufacturing

Maximise the use of Local manufactured goods & services

Asset ownership by local

Sustainable development of Bruneian businesses as suppliers, sub-contractors & service providers for Brunei and International market

Workforce development

Create employment, competence development and Productivity of Bruneian workforce

Vendor
development

Drive structured training & skill development for effective transfer of management and technical skills

Technology transfer

Facilitate capability development of Bruneian companies through targeted technology transfer

Infrastructure development

In collaboration with the Government of Brunei Darussalam, develop the required business infrastructure to facilitate ICV growth in country