This glossary is compiled by the EITI International Secretariat and is only provided as a resource.
In EITI context, the features and functions included in an EITI Report or Workplan.
On-going assessment of a situation, usually through monitoring, consultations, and discussions. In the context of the EITI, scoping tends to refer to the preparation of an EITI Report.
- Secretariat Review
When the EITI International Secretariat assesses a country's progress in implementing the EITI against the EITI Requirements. This takes place when a Validation has deemed that the country has not met all of the EITI Requirements and the Board asks that the Secretariat checks that the corrective measures taken meet the requirements.
- Service contract
An agreement whereby an oil company is contracted to produce oil/gas on a simple fee basis. Usually the state maintains sole rights over the resources, and the contractor is compensated by a fee per barrel, plus cost of recovery.
- Signature bonus
Payment demanded by authorities in certain host countries in advance of exploration activities for the rights to develop an exploration area