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OpenOil has collected oil concession data from all continents as a contribution to what holds the potential to revolutionise natural resource management across the globe: an open data framework around the extractive industries. All data come from authoritative sources: government or the companies.

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Open financial models are the natural next stage of extractives governance. We are running a free mentoring program to develop financial models of upstream oil, gas and mining projects, with the aim of creating a worldwide network of practitioners from civil society, government or private sector. Interested? Contact us!

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Recent Blog Posts (Read all Posts)

What’s the deal? Evolving practices in contract transparency

on June 18, 2018 · Leave a Comment 

Event: June 28, 2018, Conference Centre of the Ministry of Economic Affairs and Energy (BMWi), Invalidendstarsse 48, Berlin The Contract transparency landscape within EITI is changing fast. More than half of EITI member countries have disclosed extractive industry contracts and 16 EITI supporting companies have now made statements supporting publication in some form. In the last more »

Guyana’s oil deal is outlier low: government takes just over half

on March 15, 2018 · Leave a Comment 

FAST-Compliant Financial Model   Stabroek Narrative Report Guyana’s first and major oil deal, with ExxonMobil, produces results for the government which are outlier low, an OpenOil financial model reveals. Over the life of the project the government should expect to see from 52% to 54% of profits, compared to well over 60% in a cluster more »

Lebanon’s new gas contract: everyone just take a breath!

on March 9, 2018 · Leave a Comment 

The news that Lebanon had finally signed a contract for gas exploration in its offshore has set off a flurry of speculation in national and international media. A leading bank in the country produced a report suggesting the government could earn up to $200 billion in revenues from the deal, turn the public deficit into more »

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Maximising revenue collection: Governments’ essential tool to combat petroleum cost overstatement is the right to a…
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RT @NRGInstitute: The gov't of Guyana is about to launch a sovereign wealth fund to manage its future oil wealth. While the gov'ts approach…