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ExxonMobil spends K12b on services

Admin | 7:27 PM |
 OPERATOR of the PNG LNG project, ExxonMobil PNG Ltd, has spent more than K12 billion on services provided by local companies.
Managing director Andrew Barry told the Papua New Guinea-Australia Business Forum in Cairns that this was apart from developing the company’s workforce.
“A key component of its national content strategy involved creating opportunities for local businesses to grow and prosper, from small micro-SMEs all the way through to large landowner companies,” he said.
“Since 2010, the PNG LNG project has spent more than K12 billion on services provided by PNG companies.  “Of this, more than K3 billion has been spent with landowner companies.
“Our partnership with the Papua New Guinea Institute of Banking and Business Management Enterprise Centre has also continued to develop.
Since 2010 our partnership has assisted over 17,500 local businesses with more than 20,000 days of training, mentoring and business assessment services, through the Enterprise Centre’s supplier development programme.”
Barry said one of the early actions of the Enterprise Centre was to establish a supplier database to facilitate communication between local businesses and PNG LNG project contractors. The supplier database now has more than 1,500 registered businesses.
“In our local communities, we are continuing to build key programmes focusing on education, health and environmental management, where we are helping thousands of PNG citizens lead better and healthier lives. We are seeing the benefit of our long-term approach to capacity building within key community groups, as they become more self-sustaining and pass their success onto others.”