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TRANSCRIPT
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THE EITI – A MODEL FOR SUSTAINABLE RELATIONSHIPS IN EXTRACTIVE REGIONS
Mark Regis, Head, TTEITI Secretariat
Achieving Sustainability in Regions with Extractive Industries
Conference, San Fernando, June 14, 2013
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STRIKING THE BALANCE
REGULATORY PERMISSION
SOCIAL LICENSE
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EFFECTIVE COMMUNITY RELATIONS
INVOLVES
• Maintaining relationships
• Delivering opportunities
BENEFITS
• Social License to operate
ENGAGEMENT MUST BE:
• inclusive;
• transparent and accountable
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THE NEED FOR TRANSPARENCY
TRANSPARENCY & ACCOUNTABILITY
ECONOMIC DEVELOPMENT
MEANINGFUL PARTICIPATION
BETTER REVENUE MANAGEMENT
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• A global coalition of governments, companies and civil society
• Objective of fostering transparency and accountability
• Companies payments matched against governments declared receipts in an EITI Report
WHAT IS THE EITI?
39 Implementing countries
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THE TTEITI STEERING COMMITTEE
National Multi-stakeholder Group (MSG)
Each group has a place, each group has a say
• Cabinet-appointed Committee created - December 2010
• Steering Committee Composition
- Government (6) - Industry (4) - Civil Society (8)
• Chair – Victor Hart
• Candidate country status achieved - March 2011
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• Mar 1 2011: T&T awarded EITI Candidate Country status
• Sep 3 2012: Establishment of a Youth Advisory Committee
• Feb 18 2013: Administrator hired to conduct the 1st EITI Report
• Jun 7 2013: Stakeholders sign the TTEITI MOU
KEY DELIVERABLES
• Delivery of first T&T EITI Report
• Attain ‘Complaint Country Status’ - external validation
EITI KEY MILESTONES
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Award of
licenses
&
contracts
Regulation
&
monitoring
of
operations
The EITI provides a Forum for dialogue and a Platform for broader reforms
Revenue
Distribution
&
Management
Implementa
tion of
Sustainable
Developme
nt Policies
Government Spending
Links to other Public
Financial Management
Reforms & Accountability
Mechanisms
Companies
Disclose
Payments
Government
Discloses Receipts
Independent
Verification of
Tax & Royalty
Payments
Oversight by a
Multi-Stakeholder
Group
THE EITI PROCESS
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EITI INFORMS
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EITI ENGAGES
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T&T’s Major extractive regions
11
Scale (km)
0 20
TTDAA 14 bpTT*
TTDAA 15 OPEN
TTDAA 16 OPEN
TTDAA 1 OPEN
TTDAA 2 OPEN
TTDAA 3 OPEN
TTDAA 4 OPEN
TTDAA 5 OPEN
TTDAA 6 OPEN
TTDAA 7 OPEN
TTDAA 8 OPEN
TTDAA 9 OPEN
TTDAA 10 OPEN
TTDAA 11 OPEN
TTDAA 12 OPEN
TTDAA 13 OPEN
Block 23(a) bpTT*
Block 23(b) In negotiation with
BHP Billiton
Block 24 Open
Block 25(a) Open
Block 25(b) Open
Block 26 Open
Block 27 Open
Block 22 Centrica Block 21
NCMA 2 Open
NCMA 4 Centrica
NCMA 5 Open
NCMA 3 NIKO
Block 3(b) KERR MCGEE/
PRIMERA
Block 3(a) BHP/CHAOYANG/
KERR MCGEE/ PETROTRIN/
TOTAL
Block 2(c) BHP/TOTAL/CHAOYANG
Block 2 (ab) NIKO/CENTRICA/
VOYAGER/ PETROTRIN
TSP Block REPSOL/PETROTRIN/NGC
Block 4(b) Open
Block 5(d) Open
Block 4(a) EOG
Modified Block U(b)
Open
MORA
Block 1a CENTRICA
Block 1b CENTRICA
North Marine Open
Guayaguayare Block_Offshore VOYAGER/PETROTRIN
South West Peninsula Block Open
TRINMAR
PETROTRIN
Block 2(c) REA BHP/
CHAOYANG
Brighton Marine TDN
Guapo Bay TDN
East Brighton SOOGL/PRIMERA/
PETROTRIN
Lower Reverse ‘L’ Open
NCMA 1 BG/PETROTRIN/ ENI/CENTRICA
East Mayaro BP
TRINIDAD
Pelican EOG/
TRINTOMAR
5(b) Block 6(d) BG/CVX
Block 6(b) BG/CVX
Block 5(c) BG/SRC 5(a)
E
U(a) EOG
SECC
EOG/ PETROTRIN/NGC
Eastern Block PETROTRIN (35%)
Herrera Deep Block
TDN
BP
SEG (Cassia) BP
Oil Field
Oil & Gas Field
Shallow/Average Water Depth Blocks
Deep water Blocks
Gas Field
N
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The EITI provides:
An excellent platform for uniting stakeholders
Engages and gives Civil Society a voice
Facilitates transparent management of revenues earned
from extractive communities
Provides a framework for sustainable relationships
between, Companies, Civil Society and Government
SUMMARY
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To Learn More about TTEITI
Visit us at www.tteiti.org.tt
Follow us on Twitter @tteitisec
E-mail us at [email protected]
Like us on www.facebook.com/tteiti
http://www.tteiti.org.tt/mailto:[email protected]://www.facebook.com/tteiti