[TimorLesteStudies] New article: Challenges of managing expectations of newly emerging oil and gas producers of the south

[Bu Wilson]

Kakonge, John O. 2011. Challenges of managing expectations of newly emerging oil and gas producers of the south   J World Energy Law Bus  first published online April 29, 2011  doi:10.1093/jwelb/jwr004 

Abstract
This article examines the issues that newly emerging hydrocarbon  economies must face surrounding public expectations of how                      oil and gas revenues will be spent by governments.  Studies of oil and gas economies have shown that public expectations  have                      often been unrealistic, exaggerated and, at times,  manipulated. The author highlights four major challenges in managing  expectations:                      determining information-sharing requirements;  developing common expectations among multiple stakeholder groups;  clarifying                      labour–skill requirements in the oil and gas  sector; and articulating environmental and social considerations  impacted by                      the hydrocarbon sector. The article goes on to  discuss policy requirements for managing expectations, including public  disclosure,                      stakeholder analysis of public expectations, public  communication about macroeconomic policy and capacity building. The  author                      concludes that a key requirement for managing  expectations once oil and gas are discovered is that governments set  realistic                      goals through open consultations with the public  and the nearby communities where the resource is found. In short,  governments                      should promise only what they can realistically  deliver.                   

Dr Bu V.E. Wilson
T: Australia +61  0  407 087 086
T: Timor-Leste + 670 744 0011
E: buvewilson at gmail.com





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