Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a global standard to promote open and accountable management of natural resources. It seeks to strengthen government and company systems, inform public debate and enhance trust. In each implementing country, it is supported by a coalition of government, company and civil society organisations working together. Here is a fuller explanation of the EITI and UK implementation of it. The OGA is represented on the UK EITI Multi-Stakeholder Group and encourages oil and gas companies that make material payments to, or receive material repayments from, the UK Government to participate in the EITI process. The UK EITI Reports provide useful summaries of the fiscal and regulatory regimes applying to the UK upstream oil and gas industry and include a significant amount of background material on the economic impact of the sector. Here are updated versions of most of the charts and tables in the UK EITI Report for 2016 plus some new ones. See also the updated/new tables on the Government Revenues from UK Oil and Gas Production page.
The OGA contact for further information is:
4th Floor, 21 Bloomsbury Street
Tel: 0300 067 1604 / 07785 692644