What are the focus areas for Local Content?

Analysis of national development prioritiesAlign local content activities with development priorities to increase benefits for the company and the host country (Depending on the situation, priorities can be determined through formal development plans or consultation with local stakeholders).
Research on local capacitiesResearch can draw on local expertise and market information and may be completed in collaboration with the government and other stakeholders to improve the quality and credibility of the results.
Mapping and analyzing supply chainsThese processes enable companies to identify opportunities for local participation.
Environmental and social risk assessmentTaking into account any issues related to local contractors not meeting international health, safety, and environmental (HSE) standards or may lack experience with local community engagement and socio-cultural matters.
Cost-benefit analysisQuantification and analysis of the various levels of benefits, costs, and risks associated with different local employment and supply options. Having a long-term perspective on possible benefits is important
Barrier analysisBy analyzing barriers to local content using a problem tree approach, the required intervention can be identified.
Access to financial and business support servicesAccess to affordable financing. This is often cited as the primary factor affecting the survival and growth of local businesses, particularly small and medium-sized enterprises (SMEs). Without such access, local businesses are severely limited in their ability to invest in capital goods and meet the standards required for inclusion in oil and gas supply chains. SMEs often lack the track record and capacities to develop business plans and present attractive loan proposals
Infrastructure analysisLink infrastructure needs to local business participation. A lack of infrastructure can hinder the provision of local services and may increase the costs of doing business. (See the legal requirements of Business Operations in the next paragraph)
Focus areas for local content (source: IPIECA)

Bron: https://www.planningofficesuriname.com/meerjaren-ontwikkelingsplan-2022-2026-van-suriname-volledig-final/