This paper presents key questions of concern to emerging oil and gas producers and lays out possible policy options. The focus is on new oil and gas producers, countries that are attracting exploration interest or have recently made discoveries, as well as more established small producers that plan to restructure their sector. Two sets of policy challenges are presented. One relates to designing the licensing terms and sector legislation in a manner that attracts the most qualified investors under terms that are beneficial to the country in the long-term. The second is to set up capable institutions to oversee and monitor resource development.Socio-economic returns Find out more
This forum was the third meeting of the New Petroleum Producers Discussion Group. It was hosted by the Tanzania Petroleum Development Corporation in Dar es Salaam. The group’s 2015 meeting was held against the backdrop of a steep fall in global oil and gas prices, which has dampened the exploration boomin frontier areas and caused delays to and the shelving of development projects in many areas. While emerging producers around the table reported a slowdown in investments, there was nonetheless the expectation –and, indeed, the hope –that the market disruption would prove only temporary.Socio-economic returns Find out more
Countries seeking to develop newly-discovered petroleum resources are facing a fall in global oil prices, with competition from the ‘shale gas revolution’ in the United States, as well as renewable energy sources. At a New Producers Discussion Group in Tanzania, authorities from more than 20 countries met to find solutions to these and other shared challenges.Socio-economic returns Find out more
The Liza oil field discovered off Guyana’s coast in 2015 might be the world’s biggest oil discovery in the last two years. The discovery may ultimately produce 1.4 billion oil-equivalent barrels of crude. This could have a massive economic impact on a country currently ranking among the poorest in the Latin America and Caribbean region.Socio-economic returns Find out more
This paper challenges the assumption that extractives will be the primary driver of economic development in extractives-rich low-income countries.Socio-economic returns Find out more
This paper seeks to present policy-makers of emerging producer countries with a structured framework for considering the multiple factors that come into play in the development of a local content policy.Socio-economic returns Find out more
This is the summary of a workshop, held in Georgetown on 21–22 June 2017, that examined how petroleum development might influence Guyana’s development trajectory as well as the various mechanisms of saving petroleum revenues and rules for spending them.Socio-economic returns Find out more
The New Producers Group organized a workshop in Beirut on 21–23 May 2018 on local content policy design and implementation in collaboration with the Lebanese Petroleum Administration (LPA) and the Norwegian Oil for Development programme. The workshop was held just a few months after Lebanon signed its first petroleum licences. There is keen interest in Lebanon in the economic opportunities this emerging sector will create. Lebanon’s local content policy was naturally a focus of discussions, but the workshop was equally concerned with exploring a diverse range of international experiences.Socio-economic returns Find out more
Emerging petroleum producing countries have been urged to carefully consider country context when forming local content policies – or risk long-term drawbacks to the development of the sector. This was one of the conclusions from a local content workshop held in Beirut over 21-23rd May which included representatives from Namibia, Guyana, Ghana and Uganda.Socio-economic returns Find out more
Dr. Sarpong has been in executive management for nearly thirty-five (35) years.He was Chief Accountant and General Manager, Ghana Food Distribution Corporation (1983-1990),Deputy Managing Director, Produce Buying Company Limited (1990-1994), Deputy ChiefExecutive, Ghana Cocoa Board (1994-1998), Head of Administrative & Financial ServicesDivision, International Cocoa Organisation London (1999-2003), Deputy Managing Directorand Managing Director, Tema Oil Refinery (2003-2009),Executive Chairman, KumasiAsante KotokoFootball Club (2010-2013),Group Chief Executive, Global Haulage GroupLimited (2014-2016). Since January 2017, Dr.Sarpong has served as Chief Executive ofGhana National Petroleum Corporation(GNPC).A result-oriented person,Dr. Sarpong Carried out relevant initiative in the organisations mentioned above to turn around their fortunes
Honey Malinga holds a Master of Science in Exploration Geophysics, a diploma in Exploration Geophysics and a Bachelor of Science in Physics. He currently serves as a Director, Directorate of Petroleum, Ministry of Energy and Mineral Development, Uganda.
Walid Nasr is the Chairman of the Lebanese Petroleum Administration and Head of the Strategic Planning Department. Walid held several senior managerial and technical positions with the United Nations agencies in Lebanon and abroad, working closely with Governments public institutions, and international organizations at both the national and international levels. He has wide professional expertise in diverse developmental fields including policy, planning and programming in energy, natural resources management, and sustainable development.
Dr Valérie Marcel is an associate fellow in the Energy, Environment and Resources programme at Chatham House and project lead for the New Producers Group. She is an established expert on national oil companies, petroleum-sector governance and emerging strategic issues shaping the energy sector. She is the author of Oil Titans: National Oil Companies in the Middle East (Chatham House/Brookings, 2006). She advises governments in sub-Saharan Africa, the Eastern Mediterranean, South America and the Caribbean on petroleum sector policy and governance. She is deputy chair of the governing board of Renewable Energy and Energy Efficiency Partnerships (REEEP) and is a member of the World Economic Forum’s oil and gas strategy council. She previously led energy research at Chatham House and taught international relations at the Institut d’études politiques (Sciences Po) Paris, and at Cairo University.
Naadira Ogeer has 20 years industry experience across all aspects of the exploration and production value chain covering both the investors and Government perspective. She is an economic adviser in the Commonwealth Secretariat’s Ocean and Natural Resources Advisory Division. In this capacity, she advises governments in sub-Saharan Africa, the Caribbean and the Pacific on policy, fiscal regimes, sector regulation and contract negotiations. Naadira also delivers customized training to member countries and is the project lead for the Commonwealth Secretariat in the New Producers Group.
Prior to this role, Naadira worked at BP for 15years in various senior strategy, commercial and planning roles at Group Headquarters (Strategy Advisor – Group Strategy & Policy), Houston (Senior Business Advisor – Upstream Planning), Aberdeen (commercial advisor) and Trinidad (Head - Upstream Commercial Operations, Head of Strategy, Planning and Performance Management). She has been involved in multiple aspects of investment decisions at project, country and company level including managing economic evaluation teams and support for upstream executives on matters of project portfolio decisions.
Patrick has worked on legal reform and governance initiatives in the developing world for more than 20 years for organizations including USAID, the U.S. State Department, the Asian Development Bank, Creative Associates International and The International Center for Transitional Justice. He is a senior visiting fellow at the Center for Law, Energy & Environment at the University of California, Berkeley.
Patrick is an Advisor at NRGI and his work focuses on several core elements of natural resource governance, including the management of state-owned enterprises, legislative and regulatory reform and oil and mining contracts. He coordinates the organization’s emerging work on the implications of climate change for the economies of resource-dependent countries. He contributes extensively to NRGI’s programs of technical assistance to governments and civil society organizations throughout the world, and to NRGI’s capacity development efforts. Patrick is the project lead for the Natural Resources Governance Institute in the New Producers Group.