Petroleum Contract Compliance and Inspection


1. Promoting Transparency and Monitoring of Contracts

This briefing provides a number of reasons for the disclosure of extractive contracts. It also looks at questions and strategies for parliamentary monitoring and enforcing extractive agreements. Extractive contracts are principal documents between a government and a company that details the terms and conditions under which a resource is exploited. While many jurisdictions have not traditionally made their oil, gas and mineral contracts available to the public, more recent developments show that contract disclosure is feasible and desirable for a wide range of countries.