Pacific Corporate Security (PCS) and Limu Oil PRL 15 Consolidated Holdings Ltd have signed a Joint Venture (JV) Agreement that will see PCS provide security services for the Limu Oil PRL 15 project, creating employment and business opportunities as well for seven landowner groups in the Gulf Province.
The agreement was signed on Thursday, Aug. 13, at the PCS six-mile base in Port Moresby under the theme, “Partnership for Sustainable Development, Landowner Participation and Shared Economic Growth.”
The partnership brings together PCS and the seven landowner groups of the UHE Tribe through Limu Oil PRL 15 Consolidated Holdings Ltd.
PCS Managing Director and Group Chairman Jacob Kaupa said security is the company’s core business and PCS is committed to supporting the Limu Oil project through the joint venture.
“I want to give you assurance that security is in my space. My team and I are serious. We want to have the JV continue to see the results,” Kaupa said.
Kaupa said PCS would provide personnel to work with the landowner company and the developer as the project progresses.
“Your service will be limited to us and I will provide people that will help us, help you, help me and help the developer to progress this very project forward,” he said.
Kaupa said PCS is locally owned and started with one vehicle more than 30 years ago before expanding its operations and investing in personnel, logistics, communications, GPS tracking, uniforms and training.
He said PCS would use its experience and resources to support the joint venture and contribute to opportunities for the landowners.
Limu Oil PRL 15 Consolidated Holdings Chairman and UHE Tribe Chief Aku Lare thanked Kaupa and PCS for entering the agreement with the landowners.
Lare said the seven landowner groups come from remote parts of Gulf Province and see the Limu Oil project as an opportunity to create development and economic benefits for their communities.
“I want to say thank you, and you know that I am signing this agreement for you to help us from the bushes,” Lare said.
Lare said the landowners may not have extensive experience in major business arrangements but are placing their trust in the joint venture.
A representative of the UHE Tribe said the landowners come from some of the most remote parts of Gulf Province, where communities have limited access to government services.
The representative said the resource development has created an opportunity for the communities to participate in economic activity and support development in their villages.
PCS Country Security Manager Paul Young outlined the company’s security capabilities, including static security, K9 operations, cash-in-transit services, GPS tracking and monitoring, risk assessment and drone technology.
Young said PCS would apply its security experience and technology to the Limu Oil project.
Former Army Commander Walter Inua congratulated the seven landowner groups for coming together under a single business structure.
Inua said the relationship between the landowners and PCS had taken years to develop and highlighted PCS’ more than 30 years of security experience.
“PCS brings more than 30 years of security experience, including leadership, management, logistics and security expertise,” Inua said.
Former Police Commissioner Anthony Wagambi urged the seven landowner groups to remain united as they pursue opportunities associated with the development.
“The most important thing is that the seven clans remain united. You must maintain good relationships and work together,” Wagambi said.
Wagambi said Papua New Guinea was made up of many tribes but operated as one country, using the example to encourage the seven groups to work together.
PCS Country Manager Ron Bell compared the partnership to a marriage, saying the two sides had spent time building their relationship before formally entering the agreement.
“Today we are signing the agreement. We hope this partnership will produce benefits for both sides over many years,” Bell said.
Limu Oil PRL 15 Consolidated Holdings Deputy Chairman Victor Patrick and Secretary Edwin Muriki outlined the background of the seven landowner groups and their interests in areas associated with the wider Papua LNG development.
They said the partnership would help the landowners participate in economic opportunities while creating employment and business opportunities for their communities.
Master of ceremonies Pastor Jack Edward said the landowners had taken a proactive approach by coming together and establishing the partnership with PCS.
He said the agreement provided an opportunity for the landowners to participate in economic activity associated with resource development in their area.
The ceremony concluded with the exchange of signed joint venture documents, presentation of commemorative certificates and official photographs involving the partners and stakeholders.
Under the joint venture, PCS will provide security services for the Limu Oil PRL 15 project, while Limu Oil PRL 15 Consolidated Holdings Ltd represents the seven participating landowner groups in the partnership.
