Benefits of Locality Management in the Context of Hydrocarbon Development: A Journey Towards Sustainable Development in the Gulf of Paria,Venezuela

摘要

ConocoPhillips has partnered with Corporacion Venezolana de Petroleo(CVP),Eni Venezuela B.V and OPIC Karimun Corporation to develop hydrocarbon reserves in the Gulf of Paria West(GOPW),in northeastern Venezuela.First oil is expected in 2006 with an estimated initial production of 55,000 barrels of oil per day.Located at the convergence of the Caribbean Sea and Orinoco River system,the Gulf of Paria (GOP)is a socio-economically complex,ecologically sensitive,and internationally significant region. ConocoPhillips has developed an innovative Locality Management Strategy(LMS)to minimize the risks of development and mximize potential benefits of hydrocarbon development.The LMS integrates environmental,social,and economic programs with input obtained from a continuing dialogue with local,national and international stakeholders. This paper will highlight the benefits of implementing a sustainable development strategy throughout all phases of hydrocarbon development in sensitive environments.