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- W2322877237 abstract "Abstract This paper explores the rationale, process and outcomes of an early-stage, issue identification and management process that was applied to a large-scale onshore oil development in Madagascar and to highlight the benefits of the issues management (IM) process for large-scale resource developments more generally. Oil and gas and mining developments increasingly take place in remote and environmentally and socially sensitive areas. They can have significant environmental, social and economic impacts and, if poorly planned and executed, generate social conflict. Stakeholder-related risks in the extractive sector have risen sharply over the last 20 years, putting a premium on early issue identification and management, as part of non-technical risk management. IM, the continuous process of issue identification, analysis, resolution and reporting is increasingly being used by leading extractive companies as a complement to impact assessment and related processes. The objective is to ensure that issues that have the potential to generate significant reputational, financial, legal, and operational impacts are identified in a timely manner and addressed before they escalate and become crises. While IM has been used for some time, its application in the oil and gas industry is relatively new. With the growing role of project finance, the increasing prevalence of JVs and the need for partnerships to develop complex projects, IM can bring significant value to sustainable project planning, execution and corporate risk management. One of the key conclusions is that IM can help companies improve their approach to impact assessment, reinforce stakeholder engagement, align projects with international project finance requirements and strengthen corporate and project risk management processes." @default.
- W2322877237 created "2016-06-24" @default.
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- W2322877237 date "2016-04-11" @default.
- W2322877237 modified "2023-09-26" @default.
- W2322877237 title "Issue Management and Sustainability: Lessons from a Major Oilfield Development in Madagascar" @default.
- W2322877237 cites W182951464 @default.
- W2322877237 doi "https://doi.org/10.2118/179409-ms" @default.
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