LC Reporting Templates - Service Companies

LOCAL CONTENT ANNUAL
PERFORMANCE REPORT & PLAN

(LOCAL CONTENT DEPARTMENT)
PETROLEUM COMMISSION
SERVICE COMPANIES
SUBMISSION OF LOCAL CONTENT REPORTING TEMPLATE
TABLE OF CONTENTS
INTRODUCTION..........................................................................................................................................................2
SUBMISSION OF DOCUMENTS................................................................................................................................2
PART ONE: COMPANY DETAILS............................................................................................................................4
PART TWO: LOCAL CONTENT PERFORMANCE REPORT.................................................................................4
PURPOSE..................................................................................................................................................................4
A. CONTRACTS EXECUTED / PURCHASE ORDERS OBTAINED...........................................................4
B. SUB-CONTRACTS AWARDED/ PURCHASE ORDERS ISSUED BY THE COMPANY..........................5
C. SUPPLIER DEVELOPMENT PROGRAMME...........................................................................................0
D. INVESTMENTS...........................................................................................................................................0
E. LOCAL CONTENT SPEND (GOODS AND SERVICES)..............................................................................1
F. RESEARCH AND DEVELOPMENT (R&D) REPORT..................................................................................1
PART THREE: LOCAL CONTENT PLANS...............................................................................................................2

PURPOSE..................................................................................................................................................................2
A: RESEARCH AND DEVELOPMENT (R&D) SUB-PLAN – REGULATION 20-21.......................................2
B: INSURANCE SERVICES SUB-PLAN – REGULATION 27 – 28....................................................................5
C: LEGAL SERVICES SUB-PLAN – REGULATION 29 – 30.............................................................................6
D: FINANCIAL SERVICES SUB-PLAN – REGULATION 31 – 32....................................................................7
E: INDIGENOUS BANK – REGULATION 33.....................................................................................................8
PART FOUR: APPENDIX............................................................................................................................................9
PART FIVE: DECLARATION.....................................................................................................................................9
© 2024 Petroleum Commission Template - Local Content Performance Report and Plans
INTRODUCTION
1. The Local Content Performance Report as enshrined in Regulation 34 (1) of the Petroleum (Local
Content and Local Participation) Regulations, 2013 (L.I.2204) states that:
‘A contractor, subcontractor, licensee or other allied entity shall within forty-five days of the beginning
of each year after commencement of petroleum activities submit to the Commission an Annual Local
Content Performance Report covering all projects and activities for the year under review’.
2. The Local Content Plan as enshrined in Regulations 7, 9, 21, 24, 27, 30, 32 and 33 of the Petroleum
(Local Content and Local Participation) Regulations, 2013 (L.I. 2204). Regulation 7(1) of L.I. 2204
stipulates that:
a. A contractor, subcontractor, licensee or other allied entity shall before engaging in a petroleum
activity prepare and submit a Local Content Plan for approval to undertake the petroleum activity.
b. Regulation 7(2) of L.I. 2204 requires a Long-Term Local Content Plan and an Annual Local
Content Plan to be submitted to the Commission.
This document provides the format and the procedure for submitting Local Content Performance Report
to the Petroleum Commission for approval in accordance with L.I.2204.
SUBMISSION OF DOCUMENTS
The Local Content Reporting Templates that are submitted to the Commission should have the following:
 A signed cover letter stating the contents of the submitted documents.

 All documents should be comb-bound, addressed, and submitted to the Chief Executive Officer
(CEO) of the Petroleum Commission in one (1) hard copy; and
 Attach all relevant supporting documents.
The soft copies of the submitted documents should be uploaded on the E-portal which can be accessed
through the Petroleum Commission website (https://www.petrocom.gov.gh/).
The Local Content Regulations stipulates sanctions for providing false information to the Commission.
Specifically, Regulations 46 (1) and 46(2) states amongst others that:
Regulations 46 (1) states that:
A person who submits a plan, returns, report or other document and knowingly makes a false statement
commits an offence and is liable on summary conviction to a fine or a term of imprisonment or both.
Regulations 46(2) also states that:
A citizen who acts as a front or connives with a foreign citizen or company to deceive the Commission as
representing an indigenous Ghanaian company to achieve local content requirement commits an offense.
PART ONE: COMPANY DETAILS
Registered Name of Company________________________________________________

Company Registration Number_______________________________________________
Tax Identification Number (TIN) _____________________________________________
Date of Incorporation_______________________________________________________
Date of Commencement of Business___________________________________________
Petroleum Commission (PC) Registration Permit Number______________________________
Name(s) of Shareholder(s) of the company with Percentage Ownership_______________
Services Provided (as stated on PC Permit) ______________________________________
Office address and location
Postal Address______________________________________________________________
Telephone #______________
House/Plot Number __________________________________________________________
Street Name________________________________________________________________
Town/City_____________ Region______________________________________________
Ghana Post Address (if any) ______________________________________________
Head of Entity (This person should have the authority to endorse this document)
Name_____________________________________________________________________
Position____________________________________________________________________
Telephone #______________________________Fax # ______________________________
E-mail address (if any) _________________________________________________________
Contact Person (Person responsible for answering questions on data provided)

Name________________________________________________________________________
Position_______________________________________________________________________
Business address ________________________________________________________________
Telephone #______________________________Fax # _________________________________
E-mail address (if any) ___________________________________________________________
*All sections of the documents should be duly completed, and reasons provided for any omissions.
PART TWO: LOCAL CONTENT PERFORMANCE REPORT

PURPOSE
The Local Content Performance Report in accordance with Regulation 34 of L.I.2204 seeks to ensure measurable and continuous growth in local
content in all petroleum activities. The Report provides an indication of local content achievements made by the company for the year under
review.
A. CONTRACTS EXECUTED / PURCHASE ORDERS OBTAINED
This section outlines the various contracts executed and/or purchase orders related to upstream activities received from clients for the year under
review. The company should provide reasons for the omission of data.
Company Awarding Project/Contract/ Role of local Date of Total Payments Date of Remarks/Comments
the Project/Contract/ Purchase Order partner in the JV Contract Contract Sum Received for the payment
Purchase Order Description in each contract Award (USD) Year received
(USD)
NOTE:
1. For the purposes of local content analysis, companies must state payment received in dollar equivalent.
2. In the case of JV companies, company should provide the Roles and responsibilities of the indigenous Ghanaian company in each of the
contracts undertaken.
B. SUB-CONTRACTS AWARDED/ PURCHASE ORDERS ISSUED BY THE COMPANY
This section outlines subcontracts and/or purchase orders the company awarded or issued to its vendors/suppliers/service providers related to
upstream activities. The company should provide reasons for the omission of data.
Project / Contract / Vendor / Type of Date of Total PAYMENT MADE Date of Remarks /
Purchase Order Supplier/Subcontra Supplier Contract Contract In- Out Of payment made Comments
Description ctor (JV, Award Sum (USD) Country Country for the review
Indigenous, (USD$) (USD$)
Foreign)
NOTE:
1. For the purposes of local content analysis, companies must state payments received in dollar equivalent.
SUBMISSION OF LOCAL CONTENT PERFORMANCE REPORT
C. SUPPLIER DEVELOPMENT PROGRAMME
This section outlines the improvement PETROLEUM

on the performance
COMMISSIONand capabilities of the supplier through
programmes undertaken by the company to support Indigenous Ghanaian Companies. This may include
financial support and/or training programmes undertaken.
Name of Ghanaian Financial Remarks

Cost incurred ($)
Company/Vendor/Supplier Support/Training (Performance)
NOTE: Evidence of financial support and/or Training programmes undertaken or provided should be
attached as appendix to the document.
D. INVESTMENTS
The company should outline any capital investments made towards its operations or local content
achievements. This should include the following:
a. Description of the investment e.g., infrastructure, facilities, equipment, etc.;
b. Current and cumulative expenditure incurred on the investment;
c. Evidence of investment undertaken as appendix to the document;
NOTE: Capital investment is an acquisition of permanent fixed assets, and this is meant to benefit a
company in the long run.
Expenditure Incurred ($) Remarks

Description of Investment (Performance)
Initial cost Purchase Ongoing Annual Running
Cost Cost
(Cost incurred to date)
E. LOCAL CONTENT SPEND (GOODS AND SERVICES)
The company should report on spend on locally produced goods, materials and services used in the
execution of upstream petroleum related contracts. The company should provide reasons for the
omission of data.
Spend Type Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Spend Remarks /

(USD) (USD) (USD) (USD) (USD) Comments
Spend on
Ghanaian Services
Spend on
Ghanaian Goods
and Materials
Spend on
Taxes/Levies/Fees
Payment to
Government
Institutions
(specify)
NOTE: Locally produced goods and services refer to goods or services produced or rendered in Ghana by a company
registered in Ghana regardless of ownership.
F. RESEARCH AND DEVELOPMENT (R&D) REPORT
The Service Company should provide a Report on its R&D programme undertaken in the previous year.
The Report should include the following:
S Proj Type of Project Collaborating Activities Current Cumulat Outstan Outcome
N ect Project Description Institution Undertaken in Expenditure ive ding
Title (If Any) the Year Incurred Expendit Activitie
ure s&
Expected
Completi
on Dates
NOTE: Attach a copy of any documentary evidence (photos, videos, reports, etc.) of R&D initiative(s).
PART THREE: LOCAL CONTENT PLANS
PURPOSE
This Plan in accordance with Regulations 7, 9, 21, 24, 30 and 32 seeks to maximize the use of local
expertise, goods and services in the petroleum industry value chain and the retention of benefits within
Ghana.
A contractor, sub-contractor and any other allied entity engaged in petroleum activities is required by the
Local Content L.I.2204 to incorporate local content as an important element in their project execution and
management philosophy. Every petroleum project, activity or transaction must have a Long-Term Local
Content Plan in line with the duration of the contract awarded which would be assessed and approved by
the Commission.
The Annual Local Content Plan should be in line with the programmes, activities and initiatives in the
Long-term Local Content Plan.
A: RESEARCH AND DEVELOPMENT (R&D) SUB-PLAN – REGULATION 20-21

This section displays how Service companies are encouraged to ensure that their R&D Programme focus
on research undertaken by the Company or in collaboration with other institutions to enhance its
knowledge and efficiency in the delivery of goods and services. The subcontractor, licensee or other
allied in developing its R&D programme may consider the following activities:
a) Public calls for R&D proposals;

b) Joint projects with Ghanaian based academic institutions;
c) R&D training and exchange programmes;
d) Partnerships with other companies to undertake R&D initiatives including the establishment of an
R&D Centre; and
e) Utilize available existing R&D facilities, refurbish or retool where necessary.
Table 1.0: Below is a structure of R&D content to be submitted by Service companies as part of the
Local Content Plans and Reports submitted to the Commission.
ITEM DESCRIPTION
Project Title
Type of Project PETROLEUM COMMISSION
Project Description
Objective
Collaborating Institution
Annual Target
Activities Q1 Q2 Q3 Q4
In-country spend Q1 Q2 Q3 Q4
Expected Total Spend (Budget)
Implementation Strategy
Outcome
NOTE:
 Separate tables should be completed for multiple projects.
B: INSURANCE SERVICES SUB-PLAN – REGULATION 27 – 28
A contractor, subcontractor, licensee or other allied entity shall obtain the services of an insurance
company and insure all risk related to the petroleum upstream activities in accordance with the Insurance
Act, L.I. 2204 and the Insurance Protocol.
The sub-contractor, licensee or other allied entity should provide the name, type and expenditure for
insurance services utilized and to be obtained.
OFFSHORE INSURANCE GENERAL INSURANCE
Name of Insurance Service

Provider
Ownership structure of
Insurance Service Provider
(Foreign/Local)
Office Location of Insurance

Service Provider
Type of Insurance Cover

(Policy)
Asset Insured
Sum Insured (USD)
Insurance Premium (USD)
Name of Insurance Broker (if

any)
Reason for Omission of data

and explanation
NOTE:
 Attach written approval from National Insurance Commission where insurance is not obtained locally.
 Separate tables should be completed for multiple insurance providers.
 Attach a copy of the Insurance Policy
C: LEGAL SERVICES SUB-PLAN – REGULATION 29 – 30
A contractor, subcontractor, licensee or other allied entity shall retain only the services of a Ghanaian
Legal Firm unless otherwise approved by the Commission. The sub-contractor, licensee or other allied
entity should provide the name, type and expenditure for legal services utilized and to be obtained.
Name of Ghanaian
Legal Practitioner /
Firm
Date of Engagement
Legal Services List of Services (e.g. retainers, Expenditure

utilised in the past litigation, advisory etc)
year
1. USD…………………………...
2. USD…………………………...
3. USD…………………………...
Forecast of Legal List of Services (e.g. retainers, Expenditure

Services for the litigation, advisory etc)
current year
1. USD…………………………...
2. USD…………………………...
3. USD…………………………...
NOTE:
 Separate tables should be completed for multiple legal providers.
 Attach a copy of the certificate of the Legal Practitioner/Firm
D: FINANCIAL SERVICES SUB-PLAN – REGULATION 31 – 32
A contractor, subcontractor, licensee or other allied entity shall retain only the services of a Ghanaian
financial institution or organisation unless otherwise approved by the Commission. The sub-contractor,
licensee or other allied entity should provide the name, type and expenditure for financial services utilized
and to be obtained.
Name of Financial
Institution
Financial Services utilised List of Services (e.g. Payroll,
PETROLEUM COMMISSION Expenditure (Fees & Charges) *
in the past year Facility, audit, bookkeeping etc)
1. USD…………………………...
2. USD…………………………...
3. USD…………………………...
Forecast of Financial List of Services (e.g. Payroll, Expenditure (Fees & Charges) *
Services for the current Facility, audit, bookkeeping etc)
year 1. USD…………………………...
2. USD…………………………...
3. USD…………………………...
NOTE:
 A Ghanaian financial institution is any institution or bank incorporated in Ghana.

 Expenditure on Financial services refers to payment for financial services and not deposits or savings.
 Separate tables should be completed for multiple financial providers.
 Attach a copy of letter of engagement.
E: INDIGENOUS BANK – REGULATION 33
A contractor, subcontractor, licensee or other allied entity shall engage the services of an indigenous bank
and transact business through the bank.
Name of Indigenous Bank

Location/Address/Branch
Services utilised in the List of Services (e.g. Payroll, Expenditure (Fees & Charges)
previous year Facility, Taxes, Permits etc)
1. USD…………………………...
2. USD…………………………...
3. USD…………………………...
Forecast of services for the List of Services (e.g. Payroll, Expenditure (Fees & Charges)
current year Facility, Taxes, Permits etc)
1. PETROLEUM COMMISSION USD…………………………...
2. USD…………………………...
3. USD…………………………...
NOTE:
 An Indigenous Bank is a bank with 100% Ghanaian shareholding or a majority Ghanaian shareholding.
 The Commission has obtained the list of indigenous banks from the Bank of Ghana (BOG) for referencing.
 Separate tables should be completed for multiple indigenous banks.
 Attach a copy of letter of engagement with the indigenous Bank.
PART FOUR: APPENDIX
Attach all relevant supporting documents to show evidence of information provided in this document.
PART FIVE: DECLARATION
I/We declare that the information provided, and documents submitted with this application are true and
authentic. I/We am/are aware that the Local Content Regulations (L.I. 2204) provides penal sanctions for
providing false or inaccurate statements in my/our submissions.
_________________________ ____________________ _____________ ____________

Name Position Signature Date
For Joint Venture Companies (JVCs)

Foreign Partner - ____________________________________________________ (COMPANY NAME)
_________________________ ____________________ _____________ ____________

Authorised Representative Position Signature Date
Local Partner - _______________________________________________________ (COMPANY NAME)
_________________________ ____________________ _____________ ____________

Authorised Representative Position Signature Date

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LOCAL CONTENT ANNUAL

PERFORMANCE REPORT & PLAN

PART ONE: COMPANY DETAILS............................................................................................................................4

PART TWO: LOCAL CONTENT PERFORMANCE REPORT.................................................................................4

A. CONTRACTS EXECUTED / PURCHASE ORDERS OBTAINED...........................................................4

B. SUB-CONTRACTS AWARDED/ PURCHASE ORDERS ISSUED BY THE COMPANY..........................5

C. SUPPLIER DEVELOPMENT PROGRAMME...........................................................................................0

E. LOCAL CONTENT SPEND (GOODS AND SERVICES)..............................................................................1

F. RESEARCH AND DEVELOPMENT (R&D) REPORT..................................................................................1

PART THREE: LOCAL CONTENT PLANS...............................................................................................................2

A: RESEARCH AND DEVELOPMENT (R&D) SUB-PLAN – REGULATION 20-21.......................................2

B: INSURANCE SERVICES SUB-PLAN – REGULATION 27 – 28....................................................................5

C: LEGAL SERVICES SUB-PLAN – REGULATION 29 – 30.............................................................................6

D: FINANCIAL SERVICES SUB-PLAN – REGULATION 31 – 32....................................................................7

E: INDIGENOUS BANK – REGULATION 33.....................................................................................................8

PART FOUR: APPENDIX............................................................................................................................................9

PART FIVE: DECLARATION.....................................................................................................................................9

 A signed cover letter stating the contents of the submitted documents.

Regulations 46 (1) states that:

Regulations 46(2) also states that:

PART ONE: COMPANY DETAILS

Registered Name of Company________________________________________________

Contact Person (Person responsible for answering questions on data provided)

PART TWO: LOCAL CONTENT PERFORMANCE REPORT

A. CONTRACTS EXECUTED / PURCHASE ORDERS OBTAINED

C. SUPPLIER DEVELOPMENT PROGRAMME

This section outlines the improvement PETROLEUM

Name of Ghanaian Financial Remarks

Expenditure Incurred ($) Remarks

Spend Type Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Spend Remarks /

F. RESEARCH AND DEVELOPMENT (R&D) REPORT

PART THREE: LOCAL CONTENT PLANS

A: RESEARCH AND DEVELOPMENT (R&D) SUB-PLAN – REGULATION 20-21

a) Public calls for R&D proposals;

Type of Project PETROLEUM COMMISSION

Expected Total Spend (Budget)

OFFSHORE INSURANCE GENERAL INSURANCE

Name of Insurance Service

Office Location of Insurance

Type of Insurance Cover

Sum Insured (USD)

Insurance Premium (USD)

Name of Insurance Broker (if

Reason for Omission of data

C: LEGAL SERVICES SUB-PLAN – REGULATION 29 – 30

Legal Services List of Services (e.g. retainers, Expenditure

Forecast of Legal List of Services (e.g. retainers, Expenditure

D: FINANCIAL SERVICES SUB-PLAN – REGULATION 31 – 32

 A Ghanaian financial institution is any institution or bank incorporated in Ghana.

E: INDIGENOUS BANK – REGULATION 33

Name of Indigenous Bank

PART FOUR: APPENDIX

PART FIVE: DECLARATION

_________________________ ____________________ _____________ ____________

For Joint Venture Companies (JVCs)

_________________________ ____________________ _____________ ____________

Local Partner - _______________________________________________________ (COMPANY NAME)

_________________________ ____________________ _____________ ____________

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