The report examines the economic impact of local content regulations and initiatives taken by oil and gas companies to develop local economies. Local content is a pervasive component of the oil and gas landscape, and regulations have escalated in the last 10 to 15 years among oil-rich developing economies. The report also highlights the role of national oil companies in fostering local content and the need for holistic approaches to ecosystem development. The conclusion is that local content is here to stay, and it is a critical topic for the oil and gas sector.
