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
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
STRIKING THE BALANCE
REGULATORY PERMISSION
SOCIAL LICENSE
EFFECTIVE COMMUNITY RELATIONS
INVOLVES
• Maintaining relationships
• Delivering opportunities
BENEFITS
• Social License to operate
ENGAGEMENT MUST BE:
• inclusive;
• transparent and accountable
THE NEED FOR TRANSPARENCY
TRANSPARENCY & ACCOUNTABILITY
ECONOMIC DEVELOPMENT
MEANINGFUL PARTICIPATION
BETTER REVENUE MANAGEMENT
• 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
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
• 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
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
EITI INFORMS
EITI ENGAGES
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
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
To Learn More about TTEITI
Visit us at www.tteiti.org.tt
Follow us on Twitter @tteitisec
E-mail us at [email protected]
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