The global Oil and Gas industry is facing increasing pressure to minimize its environmental footprint and transition towards sustainable practices.

The importance of adopting sustainable practices in Oil and Gas has been underscored in recent years. As such, there is an urgent need to address the environmental concerns associated with traditional Oil and Gas operations while also enhancing operational efficiency and upholding social responsibility.

A Six Sigma Black Belt Professional and practising Asset Instrumentation Engineer, Olusile Babayeju, believes that there is a pressing need for a reassessment of the industry's current practices to evaluate their environmental impacts and identify areas for improvement.

Babayeju, an electrical and Electronics Engineering graduate of the Obafemi Awolowo University, Ile-Ife, believes that implementing sustainable practices in oil and gas operations is important in addressing the industry's environmental, social, and economic challenges.

“As one of the largest and most influential sectors globally, the Oil and Gas industry plays a significant role in shaping the world's energy landscape and impacting the environment. By adopting sustainable practices, Oil and Gas companies can reduce their environmental footprint and contribute to mitigating the adverse effects of climate change. This entails minimizing greenhouse Gas emissions, conserving natural resources, and promoting ecosystem integrity,” he said.

Oil and gas players to integrate sustainable steps

Babayeju added that embracing sustainability principles in any industry helps to enhance operational efficiency, regulate costs, and improve long-term resilience to market-associated risks.

He has called on oil and gas industry stakeholders to integrate these principles into standard practice to drive a much-needed revolution.

“Beyond the environmental considerations, sustainable practices also encompass social responsibility, including fostering community engagement, respecting human rights, and promoting equitable development.

The imperative for sustainability in Oil and Gas operations extends beyond mitigating negative impacts to embracing opportunities for innovation and diversification,” Babayeju stated.