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Abstract

A proactive, enlightened environmental strategy is a fundamental business necessity in the international oil and gas exploration and production arena. In this chapter, a panel of industry executives has observed that environmental risk management is a key “needed to play” rather than “needed to win” issue. All aspects of successful international participation require keen attention to environmental detail. Multi-disciplinary environmental teams including local participants are central to the design and implementation of successful, comprehensive environmental risk strategies. These teams are often faced with a bewildering array of complex political, geographical, cultural, and socioeconomic issues which need to be successfully incorporated into their strategies. Along with these issues, this chapter presents many other essential considerations, including basic business and economic concerns, environmental risk management strategies, international environmental treaties, conventions, and agreements, negotiation strategies, staffing considerations, and environmental performance measurement guidelines.

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