Impact Assessment Study for an Onshore Exploratory Well in a Biologically Diverse Lagoon Environment, South Trinidad

Dyal, Shyam; Ramnath, Kelvin

doi:10.2118/46834-ms

Cited by 5 publications

(2 citation statements)

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“…The impact on the sustainable development of nearby host communities was most likely greater than this. In South Trinidad, a 1-Km radius from the wellsite was designated as an intermediate impact zone for a household census and baseline study 18 . In California, the impact zone included multiple basins in a specific region 19 .…”

Section: Methodsmentioning

confidence: 99%

Measuring Sustainable Economic Development Indicators with Fuzzy Sets: The Sustainable Development Index

Agbon¹

2003

Proceedings of SPE Hydrocarbon Economics and Evaluation Symposium

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Section: Methodsmentioning

confidence: 99%

Measuring Sustainable Economic Development Indicators with Fuzzy Sets: The Sustainable Development Index

Agbon¹

2003

Proceedings of SPE Hydrocarbon Economics and Evaluation Symposium

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“…All the audits have to be repeated regularly during the program implementation and monitoring phase. 9 The Contingency Investment (C con ) covers blowouts, oil spills, evacuation, clean-up, waste disposal, reclamation, and compensation. The oil companies do not know if a blowout or and oil spill will occur and if it will, they cannot predict when it will occur.…”

Section: The Modified Economic Modelmentioning

confidence: 99%

Project Economics and Permissible Environmental Cost

Agbon

2002

All Days

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TX 75083-3836, U.S.A., fax 01-972-952-9435. AbstractAn urgent issue facing the oil and gas industry today is how much each stakeholder should pay for the environmental pollution resulting from oil and gas operations. The oil producing companies argue that all the stakeholders should share the cost. Some stakeholders, like the host national government and the host communities, disagree. They insist that the oil companies should bear the full financial responsibility for the environmental pollution. Hence, how much the oil company can pay for the environmental pollution becomes a very important question. This paper determines the permissible cost of environmental pollution for any oil and gas project. Using a modified conventional project economic profitability model, the affordable cost of environmental pollution is estimated. Sensitivity analyses are carried out for parameters such as oil price and internal rate of return. The paper concludes that the permissible environmental cost should be a project screening criterion for all future oil and gas projects.

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Meeting the Challenges of New Environmental Regulations

Hassanali

Ramnath

2000

All Days

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TX 75083-3836, U.S.A., fax 01-972-952-9435. AbstractThe requirements of the Environmental Management Act of 1995 establish environmental regulations for industries in Trinidad and Tobago. Newly drafted rules and regulations soon to be presented to Parliament will place greater regulatory responsibilities on the energy industry in Trinidad and Tobago, in respect of compliance and its attendant cost. environmental event has an ultimate ecological consequence, regardless of its size, and that such a consequence could affect human health, animal and plant life. The overall effort has been worthwhile due to the enormous increase in the understanding of our environment and the improvements being achieved.

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Impact Assessment Study for an Onshore Exploratory Well in a Biologically Diverse Lagoon Environment, South Trinidad

Abstract: fax 01-972-952-9435. AbstractThe Petroleum Company of Trinidad and Tobago Limited (Petrotrin) proposed to undertake the drilling of an onshore exploratory well in the vicinity of Debe, South Trinidad.

Cited by 5 publications

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Measuring Sustainable Economic Development Indicators with Fuzzy Sets: The Sustainable Development Index

Measuring Sustainable Economic Development Indicators with Fuzzy Sets: The Sustainable Development Index

Project Economics and Permissible Environmental Cost

Meeting the Challenges of New Environmental Regulations

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