Pacific Corporate Security (PCS) and Limu Oil PRL 15 Consolidated Holdings Ltd have signed a joint venture agreement aimed at increasing landowner participation in security services and economic opportunities associated with major development in Gulf Province.
The agreement was signed on Wednesday, Aug. 13, at the PCS 6-mile base in Port Moresby under the theme, “Partnership for Sustainable Development, Landowner Participation and Shared Economic Growth.”
The ceremony brought together the seven landowner groups, PCS representatives, community leaders, former senior security officials and other stakeholders.
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 use its experience and technology to help the landowners establish a professional security operation capable of supporting major developments in the area.
Former Police Commissioner Anthony Wagambi urged the seven landowner groups to maintain unity and work together as they pursue opportunities created by the development.
“The most important thing is that the seven clans remain united. You must maintain good relationships and work together,” Wagambi said.
He 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.
Former Army Commander Walter Inua congratulated the landowners for coming together under a single business structure.
Inua said the relationship between the landowners and PCS had taken years to develop and that PCS brought 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.
PCS Country Manager Ron Bell compared the partnership to a marriage, saying the two sides had gone through a period of building their relationship before formally entering the agreement.
“We have gone through the courtship, and today we are signing the agreement. We hope that, like a marriage, this partnership will produce benefits for both sides over many years,” Bell said.
Limu Oil PRL 15 Consolidated Holdings Chairman Aku Lare thanked PCS and the seven landowner groups for supporting the agreement.
Lare said the landowners wanted to work with PCS to create opportunities and long-term benefits for their communities.
Deputy Chairman Victor Patrick and Secretary Edwin Muriki outlined the background of the landowner groups and their interests in areas associated with the wider Papua LNG development.
They said the partnership would help landowners participate more meaningfully in economic opportunities while creating employment and business opportunities for local communities.
PCS Managing Director and Group Chairman Jacob Kaupa said the company would take the partnership seriously and work to build the capacity of the landowner company.
“We are taking this partnership seriously. Our role is to bring our experience, our people and our systems to help build the capacity of the landowner company,” Kaupa said.
Kaupa said PCS had grown from humble beginnings and invested in its personnel, logistics, communications, GPS tracking, uniforms and training.
“We want this partnership to create spin-off benefits for the people of Gulf Province and Papua New Guinea,” he said.
Master of ceremonies Pastor Jack Edward said the landowners had taken a proactive approach by seeking business opportunities and establishing a partnership with PCS.
He said the agreement represented an opportunity for the landowners to participate in the economic development associated with major projects in their area.
The ceremony concluded with the exchange of signed joint venture documents and presentation of commemorative certificates, followed by official photographs involving the partners and stakeholders.
The partnership is intended to establish and operate a security business that can participate in economic opportunities associated with development in the Limu Oil PRL 15 area.
