Mineral and Petroleum Economics


1. Oil contracts: How to read and understand them produced by OpenOil 

This toolkit intends to guide a non-specialist through the logical sequence of understanding oil contracts. It provides basic information on the project cycle and the different types of contracts and explores the different actors and their roles within the contract. It also deals with the revenue streams and the tools that are being used to construct the complex financial arrangements and the linkages between the petroleum industry and economic development. Dispute and arbitration procedures are also explained, alongside healh, safety and environment related issues.

2. How to scrutinise a Producing Sharing Agreement: A guide for the oil and gas sector based on experience from the Caspian Region produced by the International Institute for Environment and Development (IIED) in 2012

This guide discusses the provisions of a particular type of oil and gas contract, the Production Sharing Agreement (PSA). While the guide is aimed at a general civil society readership, it draws particularly on experience from Kazakhstan. The purpose of this guide is to give an accessible account of some key characteristics of PSAs, with a focus on revenue issues, and to suggest action points for civil society organisations involved with monitoring extractive industries.

3. Mining Contracts How to read and understand them produced in a collaboration of CCSI, OpenOil, the Natural Resource Governance Institute and the International Senior Lawyers Project in December 2013

This book guides non-specialist through the specifities of mining contracts. It starts by providing basic information on the mining industry, laws & contracts and the negotiating table. In a second sections it analyzes the mine operations in more detail looking at different legal regimes, reconnaissance & exploration and the stages of feasibility, production and closure. It continues with fiscal issues, environmental and social issues and economic linkages before concluding with the legal and negotiation considerations such as dispute avoidance and resolution.

4. The Extractive Industries Sector: Essentials for Economists, Public Finance Professionals, and Policy Makers compiled by the World Bank in 2015

The objective of this volume is to provide a concise overview of EI-related topics these professionals are likely to encounter. Specific key functions of the sector are briefly discussed, as are the financial structures that underpin environmental and social safeguards; investment of public revenues generated from oil, gas, or minerals; as well as extractive-based economic diversification.

5. Public Interest Modeling Sprint (Website) hosted by OpenOil 

This website provides access to various country case studies on financial modeling in oil & gas projects that we produced by 12 country countries in a 5-day sprint on financial modeling in October 2016. This page contains a list of all models and narrative reports that have been produced during the sprint, following OpenOil’s standardized open-­source approach to financial modeling, and that will be released over the coming weeks.

6. Guidelines for Technical Economic Evaluation of Minerals Industry Projects compiled by the Australasian Institute of Mining and Metallurgy (AusIMM) in November 2012

This guide is a collation of sound practices that competent practitioners in economic evaluation have established over the years for the technical economic evaluation of mines, processes, projects, studies, businesses, companies and industries. The guidelines are recommended for day-to-day assessments of operations, technical studies, corporate models and corporate decision making.