Understanding Oil Contracts

In late October 2012, OpenOil gathered a group of world class oil experts and professionals to jointly write a book which explains how to read the contracts which govern the industry. Borrowing a crash production technique known as a “book sprint” facilited by Adam Hyde of bookSprints.net, the group produced “Oil Contracts- how to read and understand them” in just one week.

We released Version 1 of the book just 6 days after writing began, and now, one month after production began, we are proud to bring you the formatted and edited Version 1.2, free for download. It is published under the Creative Commons license. Please sign up here if you would like to be kept up to date with evolution of the project.

As a follow up, we have now also created the OpenOil repository, with most of the world’s published oil contracts, at a click: download more than 850 oil contracts from 50+ countries from OpenOil’s repository website.

Yet, having access to contracts is the first step. Then you need to run the numbers. To improve governance, models should be re-engineered to be accessible to a broader constituency – and themselves open. OpenOil has been launching a series of financial contract models and is running a financial modeling mentorship program.

Reviews and mentions in the press

Fighting the ‘Resource Curse’. – The New York Times Green Blog
OpenOil book made with Booktype provokes open knowledge on oil industry – SourceFabric
Booksprint sets out to throw light on oil contracts – Oil in Uganda
OpenOil: Projekt für mehr Transparenz in der Öl-Industrie – Netzpolitik.org
Oil Contracts – how to read and understand them – Loomnie
免費資源:石油合約免費教科書下載 – Taiwan Energy Policy and Law Institute
Oil Contracts: How to Read and Understand them – Tax Justice Network
Here is to a book that did not exist a week ago – “How to understand an oil contract” – creative-destruction.me
New resource…and a bit of self-promotion – Pipe(line) Dreams

Twitter reactions so far:

#MustRead @Open_Oil‘s excellent new free e-book : How to Read and Understand #Oil Contracts #OpenData – from Habib M. Sayah@Habsolutelyfree

Excellent initiative: @Open_Oil developing a book on oil contracts 2 improve negotiation capacity #somalia #somalilandoceansofopportunity@Somali_Seas

RT @raekaaiyar: Want to know more about the oil industry? A simple, transparent guide

Read and understand Oil Contracts: great work by OpenOil- Wouter Biesterbos@wbiesterbos

Really great guide: Oil Contracts – How to read and understand them, by OpenOil. #transparency –  Friedrich Lindenberg@pudo

Oil Contracts: How to Read and Understand them. This could be a really useful resource – Nicholas Shaxson@nickshaxson

.@open_oil‘s guide to understanding oil contracts is surprisingly compelling – Peter Bofin@SwahiliStreet

.@open_oil have produced a great, free, DLable book on “Oil Contracts – How to Read and Understand them” Platform@PlatformLondon

If you haven’t already read this, you should. Oil contracts booksprint : OpenOil http://buff.ly/UKzTNS — Natural Resource Charter ‏@resourcecharter


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