Historically,industries and society have used the linear model of economic growth,which is based on"take-make-dispose",however this model is not sustainable in today's world.A Circular Economy(CE)model supports"closing the loop"of products and services,recovering value of ecosystem services,whilegenerating savings and creating value for companies and the society.In the Oil and Gas(O&G)business,Exploration and Production(E&P)activities take place across theglobe.This is a case study on how to incorporate CE concepts across a network of global E&P activities.The aim is to leverage the organization in order to gather and share the best ideas and good practices fromacross the world in CE related to E&P activities.Our voyage towards the CE model was chartered in athree-axis project: 1.Review of the waste management model 2.Efficient communication of CE projects across the organization 3.Circular decommissioning of assets Offshore assets in the E&P industry need a strategy in the short-term for decommissioning.This paperidentifies the main barriers to be overtaken and a proposal of joint industry solutions.Reducing and reusingwaste and raw materials is one of the main drivers to achieve a CE model.This fact led us to review ourmanagement of waste streams and establish a baseline,which allowed us to understand gaps and to developan improvement strategy.Lastly,we knew that our Business Units(BUs)and exploration teams were fullof innovative,driven professionals with good ideas and projects related to CE,but there was no focus in theCompany to capture such ideas and little communication between peers in different countries.We presentin this paper our vision to ensure success of a CE E&P Strategy as result of efficient communication.CE operating model,integrates the CE principles in the current business model to turn challenges intoopportunities.Our expectation is to help inspire other companies in the joint global effort to achievesustainable business development.
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