diff --git a/pkg/oci/ccm.go b/pkg/oci/ccm.go
index 84b5cfa5ba..833ead4019 100644
--- a/pkg/oci/ccm.go
+++ b/pkg/oci/ccm.go
@@ -87,7 +87,7 @@ func NewCloudProvider(config *Config) (cloudprovider.Interface, error) {
 		config.CompartmentID = metadata.CompartmentOCID
 	}
 
-	if config.VCNID == "" {
+	if !config.LoadBalancer.Disabled && config.VCNID == "" {
 		glog.Infof("No vcn provided in cloud provider config. Falling back to looking up VCN via LB subnet.")
 		subnet, err := c.Networking().GetSubnet(context.Background(), config.LoadBalancer.Subnet1)
 		if err != nil {
@@ -136,17 +136,19 @@ func (cp *CloudProvider) Initialize(clientBuilder controller.ControllerClientBui
 	}
 	cp.NodeLister = nodeInformer.Lister()
 
-	var serviceInformer informersv1.ServiceInformer
-	if cp.config.LoadBalancer.SecurityListManagementMode != ManagementModeNone {
-		serviceInformer = factory.Core().V1().Services()
-		go serviceInformer.Informer().Run(wait.NeverStop)
-		glog.Info("Waiting for service informer cache to sync")
-		if !cache.WaitForCacheSync(wait.NeverStop, serviceInformer.Informer().HasSynced) {
-			utilruntime.HandleError(fmt.Errorf("Timed out waiting for service informer to sync"))
-		}
+	if !cp.config.LoadBalancer.Disabled {
+		var serviceInformer informersv1.ServiceInformer
+		if cp.config.LoadBalancer.SecurityListManagementMode != ManagementModeNone {
+			serviceInformer = factory.Core().V1().Services()
+			go serviceInformer.Informer().Run(wait.NeverStop)
+			glog.Info("Waiting for service informer cache to sync")
+			if !cache.WaitForCacheSync(wait.NeverStop, serviceInformer.Informer().HasSynced) {
+				utilruntime.HandleError(fmt.Errorf("Timed out waiting for service informer to sync"))
+			}
 
+		}
+		cp.securityListManager = newSecurityListManager(cp.client, serviceInformer.Lister(), cp.config.LoadBalancer.SecurityLists, cp.config.LoadBalancer.SecurityListManagementMode)
 	}
-	cp.securityListManager = newSecurityListManager(cp.client, serviceInformer.Lister(), cp.config.LoadBalancer.SecurityLists, cp.config.LoadBalancer.SecurityListManagementMode)
 }
 
 // ProviderName returns the cloud-provider ID.
@@ -158,7 +160,7 @@ func (cp *CloudProvider) ProviderName() string {
 // is supported, false otherwise.
 func (cp *CloudProvider) LoadBalancer() (cloudprovider.LoadBalancer, bool) {
 	glog.V(6).Info("Claiming to support Load Balancers")
-	return cp, true
+	return cp, !cp.config.LoadBalancer.Disabled
 }
 
 // Instances returns an instances interface. Also returns true if the interface
diff --git a/pkg/oci/config.go b/pkg/oci/config.go
index edc1290dd5..41e69517da 100644
--- a/pkg/oci/config.go
+++ b/pkg/oci/config.go
@@ -42,6 +42,9 @@ type AuthConfig struct {
 
 // LoadBalancerConfig holds the configuration options for OCI load balancers.
 type LoadBalancerConfig struct {
+	// Disabled disables the creation of a load balancer.
+	Disabled bool `yaml:"disabled"`
+
 	// DisableSecurityListManagement disables the automatic creation of ingress
 	// rules for the node subnets and egress rules for the load balancers to the node subnets.
 	//
@@ -80,7 +83,7 @@ type Config struct {
 
 // Complete the config applying defaults / overrides.
 func (c *Config) Complete() {
-	if c.LoadBalancer.SecurityListManagementMode == "" {
+	if !c.LoadBalancer.Disabled && c.LoadBalancer.SecurityListManagementMode == "" {
 		c.LoadBalancer.SecurityListManagementMode = ManagementModeAll // default
 		if c.LoadBalancer.DisableSecurityListManagement {
 			glog.Warningf("cloud-provider config: \"loadBalancer.disableSecurityListManagement\" is DEPRECIATED and will be removed in a later release. Please set \"loadBalancer.SecurityListManagementMode: %s\".", ManagementModeNone)
diff --git a/pkg/oci/config_validate.go b/pkg/oci/config_validate.go
index 9e4f3ac618..4903b444d4 100644
--- a/pkg/oci/config_validate.go
+++ b/pkg/oci/config_validate.go
@@ -83,6 +83,8 @@ func validateLoadBalancerConfig(c *Config, fldPath *field.Path) field.ErrorList
 func ValidateConfig(c *Config) field.ErrorList {
 	allErrs := field.ErrorList{}
 	allErrs = append(allErrs, validateAuthConfig(&c.Auth, field.NewPath("auth"))...)
-	allErrs = append(allErrs, validateLoadBalancerConfig(c, field.NewPath("loadBalancer"))...)
+	if !c.LoadBalancer.Disabled {
+		allErrs = append(allErrs, validateLoadBalancerConfig(c, field.NewPath("loadBalancer"))...)
+	}
 	return allErrs
 }