Oil & Gas Experience
HSE International conducted an Oil and Gas Assessment of a Latin American country (confidential) on behalf of an oil and gas independent company, to provide a current and objective assessment of the potential opportunities and challenges to invest and operate in the country, and consider strategic aspects and an initial action plan should the Company decide to invest in the country.
The following aspects were evaluated: political and economic context, industry sector, investment plans, legal framework, organizational environments, national company, key government institutions, investment opportunities, upside potential, environmental and social requirements, and challenges and constrains. The assessment included research and desktop review of information, and face-to-face meetings with diverse stakeholders and institutions in various locations, including in country.
HSE International delivered strategic entry options for the Company to move forward once it makes the decision to enter the country.
The Mexican energy reform triggered the interest of an energy company (confidential) for the early appraisal of several oil and gas blocks and facilities in Mexico.
HSE International was appointed by the company to conduct the screening and preliminary environmental and social assessment of 4 blocks in Mexico, and to conduct a more detailed assessment of 2 of the blocks.
The assessment includes carrying out a desktop review of the oil and gas blocks and several associated existing assets and facilities, conducting field visits to the areas of interest, conducting meetings and interviews with institutions and stakeholders to gage expectations, and assess compliance against good international industry practices, standards and national regulations.
The following key environmental and social aspects were considered while conducting the assessment:
• Environmental and biodiversity sensitivities (International Union for Conservation of Nature categorization, RAMSAR wetlands, marine hot spots and sensitive areas)
• Social aspects, including a preliminary social assessment screening
• Security and human rights challenges
• Stakeholder identification and expectations based on historic operations
• Local content, labor constrains, labor unions and political considerations
• Emerging regulatory process and regulations
The outcome includes a better understanding of the complexity and importance of managing environmental, social, and health and safety risks to ensure the success of the Company’s potential business ventures in Mexico.
Mexico's energy reform as well as internal reforms in the National Oil Company, revealed areas of opportunity for improvement and the need to redefine socio - environmental strategies and processes for the NOC.
HSE International provided the lead environmental and social consultant, oil and gas expertise and coordination, to the international team working on the project.
The project includes assessing the institutional and governance frameworks in Mexico’s oil sector and proposing action lines for institutional engagement; designing the NOC's socio environmental five-year strategic plan and score card; and developing guidelines for the linkage between the environmental and social impact assessment process and the NOC’s investment project appraisal cycle. The project includes several face-to-face meetings and engagements with diverse stakeholders and institutions in Mexico.
The project is the world’s first Floating LNG Liquefaction Regasification & Storage Unit (“FLRSU”), and will be located on the Colombian Caribbean coast. The project includes an 88 km, 18” diameter pipeline from the producing gas field onshore Colombia. Commissioning is expected in 2015.
HSE International’s Principal Consultant was assigned the expert environmental, health and safety role for the project appraisal process. The appraisal involved desktop review of the main ESHS risks and impacts of the proposed Project and its dedicated associated facilities; a site reconnaissance of the gas production field, pipeline and marine area; and interviews and meetings with key Company personnel, affected communities, institutions and other stakeholders.
The outcome includes identifying significant gaps with the IFC Performance Standards, delivering an action plan to close the gaps, as well as recommendations for project improvement opportunities in alignment with EHS guidelines and good international industry practice (GIIP).
The project consists of the financing agreement for up to $500 million, for the onshore and offshore operations of an independent Oil and Gas Company focused on the Middle East, North Africa, and Mediterranean and Black Sea regions.
HSE International’s principal consultant provides the environmental, social, and health and safety expertise to the project appraisal team. The appraisal includes site visits to the operations of the Company in Egypt, and onshore and offshore (Black Sea) Bulgaria to assess the adequacy of implementation of the programs and management system, mitigation and monitoring measures; health and safety management practices and procedures; contingency/emergency planning procedures; and public consultation and community relation activities. Interviews with company personnel and local stakeholders were conducted in those locations as well. Meetings were also conducted in London with Company executive management to clarify any outstanding issues.
The outcome includes a set of recommendations and an action plan to address the relevant environmental and social risks and impacts, and measures to minimize, mitigate and offset adverse impacts in a manner relevant and appropriate to the nature and scale of the existing as well as proposed operations of the company.
HSE International worked in association with a consulting team to develop the Sustainable Development Framework of integrated Oil & Gas Company in Peru. With an extensive acreage position in the Peruvian amazon, the Company faces complex challenges to conduct activities in the region. We design and support implementation of a sustainable development framework with input from communities and other national and international stakeholders.
The goals of the framework are to:
• Establish and maintain a vision and principles for how the company implements its oil and gas activities and investment programs in the region;
• Select, execute and monitor the investment programs to ensure that they fit regional priorities and have tangible, near-term benefits for key stakeholders;
• Establish a common vision among stakeholders; and integrate feedback and continuously improve the overall framework; and
• Provide for an exit strategy and closure that includes environmental and socio-economic components.
Developing and implementing, a sustainability framework that addresses key issues early in the project cycle, helps the Company manage the risks and impacts, and contribute to earning a social license to operate.
HSE International was appointed by a major Oil & Gas Company to assess and upgrade the HSE system and program of the Company’s sustainable development operations in Venezuela. The Company’s operations in Venezuela include exploration and production of petroleum and natural gas, as well as the installation of renewable – solar energy to rural and indigenous communities in the Orinoco Delta region of eastern Venezuela.
HSE International reviews the Company’s HSE system/program, conducts a gap assessment against ISO 14001, OHSAS 18001, and Good International Industry Practices, and upgrades the program accordingly. The delivery includes a capacity building module for induction and training purposes.
The Company is one of the largest producers of oil in the country, with concessions in the Neuquén Basin. Expanded waterflood operations are sustaining existing conventional oil output and the company is exploring for unconventional oil and gas resources. In 2013, the company reached an agreement that advances development of shale oil and gas resources in the Vaca Muerta formation in the Neuquén Province.
The project consists in the review of the Company’s Environmental, Social and Health Impact Assessment (ESHIA) process for the planning and implementation of exploration activities of the Company for unconventional shale oil and gas resources in Argentina. The ESHIA process provides a systematic and risk-based approach to identifying, assessing and managing potentially significant impacts.
HSE International provides oil and gas industry environmental, health and safety expertise to the independent consultant team engaged to conduct a risk-based review of the oil and gas operations of Block 57 in Peru. Proven gas reserves from the Block are offered as a guarantee of gas supply for the International Financial Institutions (IFI) financed Peru LNG Project.
The assessment consists on the review of existing information and management system, a site visit to assess the adequacy of implementation of the system and programs, and conducting interviews with company personnel and local stakeholders. The risk assessment process involves identifying significant gaps with the IFI policies, standards and guidelines, and deviations from ESHS GIIP. Risks from identified gaps or deviations are assessed in terms of their potential consequences and the likelihood of occurrence. The context where the project is being developed, including other experiences in the region, are also taken into consideration for the risk analysis.
The outcome is documented in a report that includes specific recommendations aimed at lowering the risks to acceptable levels, and for the proper management by the Operator.
HSE International consultants develop and conduct a series of workshops that provide participants with a solid foundation in the oil & gas development cycle, the best practices in environmental and social impact assessment (ESIA) as applied to oil and gas, and opportunities to leverage ESIAs towards the development and implementation of more sustainable oil and gas developments.
The workshops are a participatory venue with presentations and discussions intended to promote dialogue and share best practices. Group exercises and case studies are an integral part of the training. Participants discuss, present and exchange experiences, challenges and solutions with peer practitioners and expert facilitators.
Workshops have been delivered in Accra, Ghana; Dar-es-Salam, Tanzania; Cape Town, South Africa; Nairobi, Kenya; and Washington DC, USA. Over 100 practitioners from 18 different countries have participated in the training sessions.
HSE International worked in association with a global team, providing the lead Environmental, Health and Safety Oil and Gas expert for the project. The project consists in developing a toolkit to promote the state of the art procedures for the decommissioning of depleted mineral (mining, oil and gas) fields in developing economies.
The toolkit is designed to serve as guidance to government authorities, institutions and regulatory agencies, in resource rich countries, seeking to establish or improve closure and decommissioning programs for the extractives sectors. An issues paper outlining challenges and opportunities believed to be important to the process of decommissioning and closure was prepared and shared at a workshop held in Washington, DC. Subsequently, two workshops were held in London, UK, and Accra, Ghana respectively, to seek additional input and to outline the work and share outputs completed by the team.
The Toolkit is developed with input from a diverse group of stakeholders from private sector companies, industry organizations, non-governmental institutions, government authorities, experts and practitioners involved in different aspects of oil and gas and mining decommissioning and closure.
The project consists of the review of the existing ESHS Management System and operational programs to identify gaps against International Financial Corporation (IFC) performance standards, EHS guidelines, and key management of change issues related to the transition of Operators for the block located offshore Peru.
The outcome includes a set of recommendations to ensure compliance with lender’s requirements, as well as advice to incorporate good international industry practices during the transition of Operators.
HSE International, in collaboration with a consulting team with local presence, lead the development of a ESHS rapid assessment process (RAP), and delivery of capacity building workshops to the technical team tasked with assessing and ranking various sites to locate new petroleum facilities in the country.
The workshop consists of conducting interactive sessions, utilizing real case studies to identify and assess significant risks and impacts, and provide guidance in the use of the RAP developed for site recognizance, impact mitigation, stakeholder engagement, ranking and prioritization of sites.
The technical team deployed to visit various locations throughout the country immediately after the workshop, to apply the concepts learned during the training, conduct the assessments, rank and recommend to management the sites best suited to locate the new petroleum facilities in Mexico.
The project consists of completing an Environmental and Social Due Diligence in context of a business transaction and investment in the energy sector in the Dominican Republic. The facilities involved downstream fuels operations and assets, including a network of 142 retailing stations, consumer and industrial fuel distribution, aviation facilities at 3 international airports, and a truck-fleet of 21 units.
HSE International was appointed by the Client as the independent environmental, social, health and safety consultant to conduct the due diligence during the transaction. The appraisal included reviewing existing information and data, meetings and interviews with Companies representatives, risk ranking of assets to prioritize the field visits, conducting site visits to representative assets and operations in country, carrying out interviews with onsite personnel and engaging with local stakeholders.
HSE International delivers a well-documented process and technical report summarizing key findings and risks, potential environmental and social liabilities, and recommending actions to manage the risks and close key gaps with respect to lender’s standards.
HSE International’s Principal Consultant provided environmental, social, health and safety expertise for safeguards project preparation, including guiding the team in preparing requisite safeguards documents, assisting with key Terms of Reference in this area, and engaging with stakeholders. The project includes to:
• Identify key policy issues for safeguards purposes and environmental management of oil and gas operations, including legislative, regulatory and institutional challenges for environmental management and monitoring of oil and gas operations (on-shore and off-shore, mid and downstream oil and gas)
• Review and summarize the on-going parallel and complimentary activities by other organizations and the government, and propose ways to integrate and/or coordinate between these activities to avoid overlap
• Identify key issues and gaps, and provide recommendations to inform the project design, in particular to give definition to the reforms requirements and capacity building needs that can be supported
• Assist the team with the preparation of appropriate safeguards documents, including Terms of Reference for a Strategic Environmental and Social Assessment (SESA) for the oil and gas sector
• Advice the Project and the government teams on all aspects of environmental safeguards including disclosure, consultation, and reporting on the safeguards during project implementation
• Engage with diverse stakeholders from government, operating companies, non-government organizations, academia and institutions, and community leaders.
The project outcome was presented to a wide and diverse audience in Nairobi, and the feedback was incorporated in the final version of the documents.
Kashagan is Kazakhstan's giant strategic field–discovered in the Caspian Sea. It is one of the most complex projects ever undertaken by the oil industry. Launched in 2004, its development under extreme conditions requires the use of exceptional and unusual resources and the implementation of large-scale innovative solutions.
HSE International worked with a global team providing environmental and social oil and gas expertise for the development of the Carbon Management Policy and Road Map, and the Integrated Waste Management Concept for the Kashagan Full Field Development project.
HSE International was appointed by the oil and gas company to conduct the screening and preliminary social assessment of several blocks in Mexico. The social site characterization phase has the following objectives:
• Characterize and understand the context of the blocks
• Identify the project stakeholders and their positioning vis-a-vis the potential projects
• Analyze and rank the issues and concerns that stakeholders have about the project based on historic operations
The assessment includes carrying out a desktop review of the area where the oil and gas blocks are located, conducting field visits to the areas of interest to validate the information, fill information gaps, and conducting meetings and interviews with institutions and stakeholders.
The outcome includes a better understanding of the complexity and importance of managing social risks to ensure the success of the Company’s business ventures in the immediate future in Mexico.
Offshore oil and gas operations in the Gulf of Paria (GoP), northeastern Venezuela include offshore platforms, an offshore processing facility, a floating storage offtake, as well as interconnecting pipelines. Supporting these operations there are inter-modal ports and commercial vessel traffic, including internationally flagged vessels. The Gulf of Paria presents a unique geographical setting and a complex socio-cultural environment. It is remote, isolated, harbors high levels of aquatic biodiversity that support significant fishing activities and the presence of fisherman communities.
HSE International’s Principal led the international and local team of professionals to conduct an innovative security vulnerability assessment (SVA) of offshore facilities and activities in the GoP, adapting existing methodology to respond to national and international security regulations and guidelines (e.g. IMO, US), while adhering to the voluntary principles on security and human rights. The SVA consists of evaluating, prioritizing and mitigating potential vulnerabilities and risks posed to the facilities and operations based on the specific geographic, environmental and socio-cultural realities of the region.
Results of the assessment addresses a wide range of security threats (natural and man made, accidental and deliberate) and proposes recommendations for improvements that are adopted to adjust the offshore infrastructure and procedural operations, and improve system-wide and facility-specific security measures to protect people, assets and the marine environment in the region. It is aligned with the Voluntary Principles on security and Human Rights, based on a set of principles designed to guide the company in maintaining the safety and security of its operations within an operating framework that encourages respect for human rights.
This assignment involves tracking the performance of the project during offshore operations. It consists of the review of the Company Environmental, Social, Health and Safety (ESHS) Management System and operational programs, and conducting a site visit including interviews with company personnel and meetings with stakeholders.
The objective is to identify gaps and provide recommendations for ESHS performance improvement and to support compliance with IFC Performance Standards for the offshore oil and gas exploration and production activities of the Company in Peru.
The outcome includes recommendations to ensure the implementation of good international industry practices as well as compliance with financing loan covenants.
HSE International’s Principal Consultant conducted a site visit to review progress on the construction and assembly of topsides utility and safety systems for the 1.3 million barrel capacity petroleum floating storage unit.
We deliver a set of findings and recommendations designed to ensure compliance with the Company safety, health and environmental standards, and implementation of good international HSE industry practices continuous performance improvement.
The outcome includes timely detection of possible problems, as well as implementable solutions to keep the project under compliance and on track.
HSE International provides strategic advice and knowledge sharing in the oil and gas sector for global corporations, investors and strategic consultancies worldwide. Selected project experience includes the following:
• Country oil and gas sector appraisal (confidential country), assessment and perspectives for investment (political and economic context, industry sector, investment plans, legal framework, organizational environments, national company and key government institutions, investment opportunities, upside potential, challenges and constrains, strategic entry options)
• Environment, Health and Safety (EHS) policies and process at large Oil and Gas corporation (confidential), organization roles and responsibilities in a holding company structure, corporate vs. business units.
• Safety consulting service to the oil & gas sector
• Environmental service offers to oil & gas sector
• Industry trends in the oilfield Health/Safety/Environmental services space
• Operational risk, training and contract management Best Practices for environmental, health, and safety (EHS) management of oil and gas
• The use of software as it relates to managing Occupational Safety and Industrial Hygiene, Personal Protection Equipment (PPE), employee’s training/maintenance/use of PPE, in the Oil & Gas industry
• The Development of Technical Skills & Capabilities in Exploration & Production of oil and gas, how to assess the level of technical competences of the technical staff, and how companies address this topic and share best practices
• Rapid assessment of environmental, social, political and stakeholders in the oil and gas sector (confidential country)
• Safety Equipment for Offshore Use, key selection criteria, strength and weaknesses of products, worldwide regional-based regulatory developments
• Portable gas detection technologies, market and forward trends in the oil & gas industry
• Future trends for sustainability in the oil and gas industry, potential growth drivers, and stakeholder’s perception
• Corporate Social Responsibility and the Triple Bottom Line Reporting, guidance and expert analysis, tools, standards, market opportunities in the US and globally, challenges, growth and trends in the oil and gas sector
• The Health, Safety and Environment (HSE) function in the upstream oil and gas industry, organization structure best practices (corporate, regional and business units), hierarchies between the different levels, roles and responsibilities, and career paths in HSE
• Best practices in the definition of an Oil Spill Response Plan
• Best practices for local community management at corporate / regional / business unit levels in an oil and gas Company
• Industrial security and safety services for large oil & gas companies, including market, key costs, and typical industry benchmarks for performance
• Assisted large oil and gas global corporation with operational risk management, addressing organization structure and governance, standard development, capabilities and competencies building in key roles, embedding risk management into operating management systems and performance management, risk culture (norms, behaviors), front-line engagement and successful implementation of risk initiatives, and best practices in contractor management
• Emergency training on offshore oil rigs, including basic offshore operations, information regarding training programs for offshore workers, and the potential impact of deep water operation spill on emergency training in the industry
• HSE and risk management, how these functions are implemented across the oil and gas industry, and trends.
• Identifying key providers of oilfield safety services (equipment, logistics), overview of competitive landscape, and refinery safety best practices.
• Corporate social responsibility study in the oil and gas industry, specifically the environmental, social, and governance (ESG) efforts in the supply chain. Benchmarking examples of ESG efforts in supply chain management, including how companies structure their ESG programs for success, ensure alignment and management support particularly outside of their ESG division, and how ESG success is measured
• Subject matter expertise for major oil spills and environmental cleanup. Topics included the time required for clean up, environmental impacts of shore, trajectory and likelihood of reaching certain locations, issues related to hurricane season, dispersion technology, impact on sea bed, birds, fish and other species, tests to ensure clean up effectiveness, the costs of a spill in terms of the cleanup, companies providers of oil spill cleanup services and areas of expertise, and applicable liability environment
• Oil and gas waste treatment and disposal market for unconventional oil and gas, the industry, key players, and the overall competitive landscape within which they operate
• Industrial health, safety management and environmental services in the oil and gas, and petrochemical industries, the landscape of this sector and the key players in the regions
• Medical and health support services for oil and gas sector, and support for the marine seismic services companies
• Comparison of medical and health support services for deep sea sector vs. shallow & continental waters, macro trends, regulations for the industry
• Oil price fluctuation effect on the provision of seismic service companies
HSE International consultants have worked on the development, review and upgrade of contingency plans for emergency response and crisis management of oil and gas operations. We have provided expertise with best industry practices in the definition of oil spill response plans, subject matter expertise in emergency response and crisis management for diverse events (oil spills, gas releases, explosions, fires, civil unrest, natural hazards), delivered training and capacity building sessions, and lead teams in real-life events. Our experience includes projects in the following locations: • Colombia onshore and offshore (Caribbean)
• Congo rainforest operations and fluvial transportation system
• Ecuador rainforest operations
• Gabon rainforest and offshore operations
• Indonesia offshore
• Peru Amazon fluvial transportation system
• Peru offshore
• Russia Tundra
• Venezuela onshore and offshore (Caribbean)
• Venezuela Orinoco Delta operations
HSE International has provided subject matter expertise to investor clients for the strategic understanding of operations and activities during major oil spills and environmental cleanups. Topics have included:
• The time required for clean up
• Environmental impacts on shore
• Trajectory and likelihood of reaching certain locations
• Issues related to hurricane season
• Dispersion technology
• Impacts on the sea bed, birds, fish and other species
• Tests to ensure clean up effectiveness
• The costs of a spill in terms of the cleanup
• Companies providers of oil spill cleanup services and areas of expertise
• Applicable liability environment
HSE International facilitates a professional online network for extractive industry ESIA practitioners in African Countries.
The network connects over 100 practitioners from 18 different countries that have participated in the training sessions conducted by HSE International. The ESIA Practitioners Network provides a platform upon which to continue the type of dialogue and sharing of best practices that emerges during the capacity building workshops conducted in the region.
HSE International provides technical assistance and additional training via webinars on specific subjects.
The focus of the project is to measure the environmental and social performance of national governments against a benchmark standard, derived from five countries, representing a compendium of best management practices for minimizing the impacts of oil and gas activity.
HSE International’ Principal, working with a global team, provided oil and gas environmental and social expertise and was responsible for conducting meetings and surveys in several Latin American countries (Argentina, Ecuador, Mexico, Venezuela, Trinidad and Tobago) and Europe-Asia (Kazakhstan). Meetings were held with diverse stakeholders (e.g. National Oil Companies, private Companies, regulators, non-government organizations, petroleum sector associations) and survey data obtained accordingly.
The outcome of the project is to identify areas where multilateral assistance can be provided to improve environmental governance and management systems, particularly in those developing countries undergoing rapid oil and gas industry development, where resource revenues form a major portion of GDP. A total of 27 countries participated, across four regions - Latin America and Caribbean, Sub- Saharan Africa, Middle East and North Africa and Asia & Pacific.
HSE International’s Principal provided leadership to a team of international consultants for the development of practical guidelines to integrate the environmental and social factors during the planning stages and conceptual design of projects of the National Oil Company.
The guidelines developed by HSE International includes a process to further refine the integration of environmental and social issues during each subsequent phase of the projects (i.e. front end loading: FEL1, FEL2, and FEL3), ensuring maximum opportunity to avoid potential impacts and enhance potential benefits.
The work included conducting several working workshops, for feedback / input / validation, with the various NOC organizations, including Project Development, Exploration and Production, Refining, Gas, Petrochemical, the Mexican Petroleum Institute, and Corporate.
The Expansion Program comprises 3D and 2D seismic exploration, exploratory drilling at 6 locations (up to 18 wells), and construction and operation of a 10.5 km flowline in Block 88. The block is located in the remote east central Peru amazon. Much of the proposed expansion project is within the Indigenous Territory Reserve RTKNN – and the buffer zone of the Manu national park, a UNESCO site due to its biodiversity and the presence of indigenous peoples in voluntary isolation and initial contact.
HSE International provided technical support and advice to the Client by reviewing relevant seismic and drilling information, project development scenarios, and multiples environmental and social impact assessments (EIAs).
We conducted sensitivity analyses of the proposed expansion program; provided technical input identifying risks and gaps, and recommendations to support compliance with environmental, social, health and safety safeguards and good international industry practices.
The project consists of supporting the Company business and operational growth by providing a comprehensive review of the environmental, social, health and safety management and performance of its operations. The Company is a key Argentine energy player that has grown significantly since its inception more than 20 years ago. The company has grown organically through new development opportunities as well as establishing strategic alliances with global world-class companies.
The company has 13 areas of oil and gas operations in the provinces of Neuquén and Río Negro; 7 are production fields, whereas the rest are in the exploration stage for both conventional and unconventional (shale oil and gas) hydrocarbons. Other operations include mid-stream - gas separation (LPG), and gas-fired power generation.
The review is provided by working with the Company for an extended period of time, and consists of assessing and recommending actions to continuously improve the Environmental, Social, Health and Safety (ESHS) Management of the company; programs and plans; environmental and social impact assessments (ESIA) aligned with good international industry practices and standards, including the IFC Performance Standards.
The appraisal is conducted as part of the proposed equity investment of an AIM-listed oil and gas E&P Company, to finance the exploration and development of two concessions in a proven hydrocarbon system in Paraguay’s North West region of El Chaco. The Company has operations in the USA, Argentina, Australia and Paraguay.
The purpose of the appraisal is to identify opportunities for performance improvement of the Company at corporate level as well as at the business unit and asset levels; gaps against standards and good international industry practices, and provide recommendations for compliance with lenders Performance Standards.
The appraisal consists of desktop review of project reports and environmental, social and health and safety information; and host country legal frameworks and provisions. The appraisal included a visit to the Paraguayan operations of the Company, and meetings in country with senior management and technical staff, Paraguayan government environmental and social institutions, external environmental consultants and contractors, indigenous communities, other local stakeholders and international NGOs with local presence.
Environmental and social risks and impacts were assessed, identified and prioritized; and a project specific action plan delivered with measures to manage risks and avoid and mitigate impacts.
Conducted a review of the subsidiary of a major oil and gas Company operations in Argentina to identify gaps and deliver recommendations for ESHS performance improvement and to support compliance with lenders / IFC Performance Standards and good international industry practices.
The Company operates four hydrocarbon basins in Argentina: Golfo San Jorge onshore and offshore, Neuquina (the hub for the future development of unconventional reservoirs), and the Noroeste (Northwestern) and Austral Basins, located at both of Argentina’s respective geographical ends, with significant production of gas.
The assignment included conducting reviewing existing information, conducting a supervision site visit, and interviews with company personnel and meetings with stakeholders.
Assessed the Company operations in Argentina’s Neuquen region to identify gaps and support compliance with IFC Performance Standards and good international industry practices. The project involved the review of the implementation of the Company Operating Excellence Management System, conducting a supervision site visit, and interviews with company personnel and meetings with stakeholders.
The Company produces crude oil and natural gas in Argentina, and has operated interests in four concessions in the Neuquén Basin, including exploration targeting natural gas from shale and tight oil resources.
The project consists of the assessment and review of environmental, social, health and safety management of an independent oil and gas exploration and production company with license contracts covering approximately 1.9 million net acres in four properties in northwest Peru. It includes offshore and onshore blocks.
The assessment includes reviewing the Company ESHS Management System and programs, and several Environmental and Social Impact Assessments executed for the offshore and onshore blocks, to identify opportunities for performance improvement and compliance with loan covenants as required by the lenders / IFC Performance Standards for oil and gas exploration and production activities of the company in Peru.