An Interactive 5-Day Training Course

In-Country Value (ICV) Strategy for Energy Projects

Integrating Local Content, Procurement, Supplier Development & Economic Value Creation Across Energy Projects

In-Country Value (ICV) Strategy for Energy Projects

Scheduled Dates

21 - 25 Dec 2026
London - UK
$5,950
05 - 09 Jul 2027
London - UK
$5,950
20 - 24 Dec 2027
London - UK
$5,950

Why Choose this Training Course?

This In-Country Value (ICV) Strategy for Energy Projects training course provides participants with the knowledge and practical frameworks required to develop and implement effective ICV strategies across major energy projects. Oil, gas, petrochemical, power and wider energy investments can create substantial domestic economic value through local procurement, employment, supplier development, industrial investment, technology transfer and workforce capability development. Realising this potential requires ICV objectives to be integrated systematically into project planning and execution.

Participants will examine how national and organisational ICV objectives can be translated into project-level priorities, targets and responsibilities. The training course covers local supply-market assessment, expenditure segmentation, localisation opportunity identification, procurement and EPC contracting, supplier development and industrial localisation. It also addresses the commercial, technical, schedule and risk considerations that influence localisation decisions, helping participants develop strategies that are ambitious while remaining practical and achievable.

The course concludes with ICV performance measurement, contractor monitoring, governance and long-term economic impact. Participants will develop a more integrated understanding of how project expenditure and contracting decisions can contribute to sustainable local capabilities while maintaining the quality, safety, technical and commercial requirements of major energy projects.

This In-Country Value (ICV) Strategy for Energy Projects training course will highlight:

  • Translating national and organisational ICV objectives into project-level strategies
  • Assessing project demand, domestic supply capabilities and localisation potential
  • Integrating ICV into procurement, tendering and EPC contracting decisions
  • Developing local suppliers, SMEs, manufacturing capacity and workforce capabilities
  • Establishing meaningful ICV targets, KPIs and contractor commitments
  • Strengthening governance and sustainable economic-value creation across energy projects

What are the Goals?

By the end of this In-Country Value (ICV) Strategy for Energy Projects training course, participants will be able to:

  • Develop an ICV strategy aligned with energy-project and wider economic objectives.
  • Assess project expenditure and local supply-market capacity to identify localisation opportunities.
  • Integrate ICV requirements and evaluation criteria into procurement, tendering and EPC contracts
  • Develop supplier, SME, manufacturing and workforce localisation initiatives.
  • Establish appropriate ICV targets, KPIs and contractor monitoring mechanisms.
  • Evaluate ICV performance and strengthen governance for sustainable economic-value creation.

Who is this Training Course for?

This training course is particularly relevant to professionals responsible for developing, implementing or overseeing ICV and Local Content requirements within energy projects, including:

  • In-Country Value Managers
  • Local Content Managers
  • Localisation Managers
  • Procurement and Strategic Sourcing Professionals
  • Contracts and Commercial Managers
  • Supply Chain Managers
  • Project Managers and Project Professionals
  • EPC Contracting Professionals
  • Supplier Development Managers
  • Industrial Development Professionals
  • Government and Regulatory Professionals
  • NOC and IOC Professionals
  • Economic Development and Investment Professionals

How will this Training Course be Presented?

This training course combines expert-led presentations, facilitated discussions, energy-sector case studies, analytical exercises and practical ICV applications. Participants will examine project expenditure, assess localisation potential, consider procurement and contracting requirements, evaluate supplier-development opportunities and develop appropriate performance measures. The emphasis is on connecting ICV strategy with practical project decisions while balancing localisation objectives against commercial, technical, quality, safety, schedule and risk considerations.

Organisational Impact

Organisations will benefit from:

  • Stronger alignment between energy projects and strategic ICV objectives.
  • More systematic identification and prioritisation of localisation opportunities.
  • Better integration of ICV requirements into procurement and contracting.
  • Improved development of domestic suppliers and industrial capabilities.
  • Stronger measurement and oversight of contractor ICV commitments.
  • Greater long-term economic value from major project expenditure and investment.

Personal Impact

Participants will develop:

  • Greater understanding of ICV strategy within energy projects.
  • Improved capability to assess domestic supply and localisation potential.
  • Stronger knowledge of integrating ICV into procurement and EPC contracts.
  • Greater ability to evaluate supplier and industrial development opportunities.
  • Improved capability in establishing ICV targets, KPIs and monitoring arrangements.
  • Greater confidence in developing and communicating project-level ICV strategies.

Daily Agenda

Day 1: In-Country Value & the Energy Project Lifecycle
  • Understanding In-Country Value, Local Content and economic-value retention
  • The strategic drivers of ICV in oil, gas, petrochemicals, power and energy projects
  • Roles of governments, NOCs, IOCs, EPC contractors, suppliers and investors
  • Translating national and organisational objectives into project-level ICV requirements
  • Mapping ICV opportunities across the energy-project lifecycle
Day 2: Developing the Project ICV Strategy
  • Conducting ICV baseline, demand and local supply-market assessments
  • Segmenting project expenditure according to localisation potential
  • Identifying short-, medium- and long-term localisation opportunities
  • Establishing realistic ICV targets, priorities, responsibilities and implementation timelines
  • Assessing the commercial, technical, schedule and risk implications of localisation 
Day 3: ICV in Procurement, Tendering & EPC Contracts
  • Embedding ICV within procurement, sourcing and EPC contracting strategies
  • Supplier and contractor prequalification for ICV capability
  • Incorporating ICV requirements, commitments and deliverables into tender documents
  • Developing appropriate ICV evaluation criteria, scoring methodologies and contractual mechanisms
  • Balancing ICV performance with price, quality, safety, technical compliance, schedule and project risk 
Day 4: Supplier Development & Industrial Localisation
  • Identifying strategic goods and services suitable for localisation
  • Supplier segmentation and local supply-chain capability assessment
  • Designing supplier-development and SME capability-building initiatives
  • Developing local manufacturing, partnerships, investment and technology-transfer opportunities
  • Connecting workforce localisation, skills development and knowledge transfer to future project demand
Day 5: ICV Performance, Governance & Sustainable Value Creation
  • Establishing meaningful ICV targets, KPIs and performance measures
  • Measuring local expenditure, employment, supplier development, investment and capability creation
  • Monitoring contractor commitments, evidence and performance gaps
  • Establishing project ICV governance, accountability, dashboards and management reporting
  • Evaluating long-term economic impact, lessons learned and continuous improvement

Certificate

  • Upon successful completion of this training course, delegates will be awarded an official PetroKnowledge Certificate of Completion, signed by the course facilitator. The certificate confirms successful participation and records the total learning hours completed.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

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