Knowledge That Powers Industry

Local Content for the International Petroleum Industry - electronic book

eBook
Authored by Eduardo G. Pereira | Tonje P. Gormley
Published 2018
ISBN 9781593706302

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Book Specifications

Book Format: eBook
Size: Digital
Pages: 482
Published: 2018
ISBN: 9781593706302

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The term "local content" refers to the value petroleum activities bring to a country beyond the direct revenues from hydrocarbons. Job creation, economic development, transfer of technology, and the infusion of talent and education all contribute to local content. With the insight of experts from around the world, this text explores the policies of more than two dozen countries, each with its own approach. It also discusses historical context and how countries could learn from the best and the worst of local content development.

Host countries that developed suitable local content policies also have a better track record in tackling other associated problems. These include economic and social issues as well as also the development of a diverse and well-educated local work force.