The document discusses responsible resource management in the petroleum sector. It recommends having efficient exploration and development to maximize resource value while balancing company and national interests. The Norwegian model of resource management is presented as aligning economic incentives, developing industry capacity, and establishing government agencies to ensure efficient operations, revenue optimization, and environmental protection.

1. Capacity Development Trond Kubberud Partner & Managing Director

5. The National Oil Company Model April 2008 Trond Kubberud - Libreville Ministry National Oil Company IOC IOC IOC Title to Oil

6. Norwegian Model April 2008 Trond Kubberud - Libreville Ministry National Oil Company Directorate IOC IOC IOC Resource Management

7. Norwegian system today April 2008 Trond Kubberud - Libreville Min of Petroleum and Energy Petroleum Directorate Gassco Statoil/Hydro Petoro Min of Environm Pollution directorate Ministry of Finance Petroleum revenue service Min of Labour Petroleum safety directorate Labour directorate

8. The spin offs April 2008 Trond Kubberud - Libreville 1961 1980 Committee Petroleum office Petroleum department Statoil, Petroleum Department Petroleum Directorate Ministry of petroleum/2 petroleum departments, Statoil, Petr. Dir. Political strategy

9. The spin offs April 2008 Trond Kubberud - Libreville 1980 2008 Min of petroleum/ 2 petroleum departments, Statoil, Petr. Dir. Political strategy Min of petr/ 2 petr depart-ments, Statoil, SDØA Petr. Rev service Safety under Min of labour Petr. Dir. Ministry of Petroleum/ 2,5 Petr. Dep, Min of environment, Min of Finance, Min of labour, Petr. Dir, Gassco Petoro, Petr safety direc, Pollution direc, Oil revenue service,

14. Scheme dec 07 Trond Kubberud - Ramallah Parliament Government Directorate State Companies Ministry Private Companies Act Regulations Standard Contracts Decisions Other Ministries