Governance Challenges for Emerging Oil and Gas Producers

The aim of this project is to provide emerging oil and gas producing countries with governance recommendations that are adapted to their situation.
Summary

There has been a strong demand in recent years for advisory on governance by emerging producers, especially from countries with low institutional capacity and little experience of how to manage petroleum resources. Of particular interest to new producers and producers contemplating a reform of their petroleum sector is advice from their peers on lessons learned. The Good Governance of the National Petroleum Sector project's new phase is focusing on providing a forum for such an exchange and producing a document with guidance for the governance of the sector in countries attracting new investor’s interest in their petroleum sector. These countries face a particular set of issues, as they move to draft contract terms, regulations and laws to direct investment behaviour in their country, and set up institutions that effectively control the actors involved in their nascent petroleum sector. Many of these countries are creating national oil companies to ensure national participation. For each decision, they have a confusing array of options to choose from.

See full Report: http://www.chathamhouse.org/research/eedp/current-projects/governance-challenges-emerging-oil-and-gas-producers