Chatham House Document

Senior Research Fellow, Energy, Environment and Resources
Associate Fellow, Energy, Environment and Resources
Associate Fellow, Energy, Environment and Resources
Distinguished Fellow, Energy, Environment and Resources
Keith Myers

This Document introduces the results of a two-year project, led by Dr Valerie Marcel with Professor Paul Stevens, to find out what constitutes good governance of the petroleum sector from a national perspective.

It condenses recommendations from the more detailed Report on Good Governance of the National Petroleum Sector, into a set of 40 governance benchmarks. These are uniquely based on a dialogue in which decision-makers from 23 oil- and gas- producing countries shared their experience and worked towards common principles and guidelines. Together, the benchmarks form a broad framework for good governance of the national petroleum sector and provide a springboard for making practical improvements to governance systems.