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Good Governance of the National Petroleum Sector

A Joint Chatham House - CEPMLP Project

In 2005, the Energy, Environment & Development Programme at Chatham House launched a major initiative on Good Governance of the National Petroleum Sector. Our aim was to provide producing country governments with guidelines and benchmarks on managing their hydrocarbon resources for the greatest socio-economic benefit. This is a producer-led initiative, in which government and national oil company decision-makers have been able to identify governance challenges and share best practice. Other participants, whose support is vital, include international oil companies, multilateral and private financing agencies and concerned non profit making organisations.

The process has brought together participants from over 20 oil and gas producing countries in series of intensive workshops (details below). The main conclusions to March 2007 are summarized in Good Governance of the National Petroleum Sector: The Chatham House Document. This document presents 5 universally applicable principles and 40 benchmarks to help producers assess their systems of governance. The more detailed Good Governance of the Petroleum Sector Report provides examples from country case studies and offers context-specific checklists and guidance for the petroleum sector policy- or strategy-maker. The Report is intended as a 'living text' for good governance debates around the world, and can be revised to reflect future discussions and comments from petroleum sector stakeholders.

Current work

The good governance team of experts is now offering to facilitate workshops in oil and gas producing countries whereby they could share project findings and enable participants to draw on international experience to address the challenges of their own petroleum sector. If you would like to know more about these workshops, please contact Professor Paul Stevens.

Project Organization

Good Governance Interim Report
Chatham House and CEPMLP, Dec 05

Draft Principles of Good Governance
Contains a 'Framework for Drafting Principles of Good Governance'.

Project Sponsors

WORKSHOP III: Consolidation - 1st to 2nd June 2006

Proposal and Agenda

Workshop Summary

WORKSHOP II: Case Studies - 21st to 23rd September 2005

Proposal and Agenda

Workshop Summary

Responsibility

• Kuwait: Demarcation of roles and responsibilities

Enablement

• Norway: Transition to a corporatized NOC
• Valerie Marcel: The NOC mission changing in response to government demands

Transparency and Accountability

• Nigeria: Financial transparency
• Libya: Transparency in licensing
• Willy Olsen: The Nigerian licensing rounds
• Azerbaijan: Accountability to society

Sustainability

• Malaysia: Petroleum sector capacity building
• Trinidad & Tobago: Local content and diversification
• Colombia: Ensuring CSR programmes are beneficial to host countries

WORKSHOP I - 24th and 25th February 2005

Proposal and Agenda

Workshop Summary

Workshop Papers

• Government Goals and Policy: The role of the oil and gas sector
  Dr. Keith Myers
• The NOC Mission and Strategy
  (View powerpoint slides here)
  Dr Valerie Marcel & Jean Matthieu Castellani
• Promoting Economic Development through the Oil and Gas Sector
  (View powerpoint slides here)
  Prof. Paul Stevens
• The Management of Revenues
  (View powerpoint slides here)
  Prof. Paul Stevens

Contact

To find out more about this project, please contact:

Professor Paul Stevens, Senior Research Fellow, EEDP
+44 (0)20 7314 3618
Email Paul Stevens

Glada Lahn, Junior Research Fellow, EEDP
+44 (0)20 7957 5750
Email Glada Lahn