Leading provider of financial analysis and commercial advice on natural resource assets for public policy.

Strong partnerships and presence on the ground are essential to our success

Recent Engagements

[...] professional, technically competent, strongly committed [...] and able to communicate technical work effectively to a wide range of our cadres.Jerreh Barrow, Commissioner for Petroleum, Government of the Gambia

The project has been NEITI's first exploration of modelling techniques, and OpenOil's skill in both core technical analysis and communication have opened up the field.Waziri Adio, Executive Secretary, NEITI

Partners & Clients

Guyana could lose out on over $50b

Our latest model shows Guyana government take from its 2016 contract with ExxonMobil and partners is outlier low at 52% - meaning it could close over $50b in the coming decades by comparison with a contract that yielded middle of the pack results, or $1.3 billion per year.

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1993 PSCs: The Steep Cost of Inaction

A quantitative study by NEITI and OpenOil shows that in 10 years (2008 to 2017) Nigeria lost between $16b and $26b for failing to trigger a review of the terms of the 1993 PSCs.

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Understanding Oil Contracts

The first book on oil and gas contracts aimed at non-specialist audience, with 100,000 downloads, translated into French, Spanish, Arabic, Farsi, Azeri, Kurdish and Chinese. It is used widely by governments, international institutions and oil companies around the world.

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Press Release on Guyana financial analysis

Feb 9, 2020: The analysis has sparked a lively public debate. OpenOil responds to potential criticisms of its model and the accompanying financial analysis. Confusion about headline figures for government take could be helped if the models were published.

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Running the Numbers

This report, jointly produced by the African Natural Resources Center of the AfDB and OpenOil, explores how African governments use financial models to manage oil & gas and mining projects.

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Understanding Mining Contracts

A diverse group of 14 experts from Africa, Asia, North and South America, and Europe worked together to produce a user-friendly guide to help policy makers, civil society, citizens, and the media understand the often complex and opaque terms of mining contracts.

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Check our Library of Public Financial Models

We have published models of oil and mining projects in Argentina, Afghanistan, Brazil, Chad, Cote d’Ivoire, Guyana, Indonesia, Malawi, Mongolia, Tanzania and Uganda.