Annual Meeting 2015

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.

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Annual Meeting 2014

The New Petroleum Producers Discussion Group convened for its second meeting May 12-13 at Chatham House. The meeting brought together national oil company (NOC) executives, government officials and civil society representatives from 18 different emerging producer countries, key governance advisory groups, and some large and smaller oil companies for a […]

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Prospects for Good Governance in Lebanon’s Nascent Petroleum Sector

There is increased interest in oil and gas exploration offshore Lebanon, but the country lags behind its neighbours in developing its resources. The institutional and legal framework necessary to this process has been slow to emerge as a result of political infighting. However, thanks to relatively high state administrative capacity and support from foreign technical advisors, an adequate framework for investment has been created. Future governance challenges relate to less satisfactory standards in terms of transparency and the risks of corruption.

Trust & Accountability Find out more

Governance Challenges for Emerging Oil and Gas Producers

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.

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Institutional Design in Low-Capacity Oil Hotspot

This paper focuses on low-capacity countries courted by investors seeking access to petroleum resources during the exploration boom. The key question that emerges in all cases is how to organize and manage the petroleum sector in order to maximize the public benefit derived from oil and gas resources. In particular, what role should national oil companies and other governing bodies have?

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