Many oil and gas producing states are introducing requirements for ‘local content’ into their regulatory frameworks. These requirements aim to create jobs, promote enterprise development and accelerate the transfer of skills and technologies. Local content has therefore become a strategic issue for the oil and gas industry—presenting both challenges and opportunities. This guidance document is based on IPIECA members’ efforts to develop good practice in managing local content. It is aimed at practitioners and other company representatives with responsibility for this objective. Related publication: Local content strategy: a guidance document for the oil and gas industry (2nd edition).