Proposing a sustainable decommissioning plan and corporate social responsibility for a matured province in the Global South: a case study of Bahrain field (Bahrain)

T. K. Olaniyi, N. B. Irefin*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In this paper, we propose a sustainable decommissioning plan and the concept of corporate social responsibility (CSR) for a matured province in the Global South using Bahrain field in Bahrain as a case study. Crude oil remains a strong source of revenue (80%) in Bahrain while the majority of the government budget is funded by the oil and gas industry. Decommissioning occurs when the operational cost of operating the oil and gas platform is greater than revenue. Bahrain oil field has tentatively reached its limit of 217 million boe/day. This amount to 88% of its total recoverable reserves in 2022 and hence the need for a viable decommissioning plans. Despite a high level of stakeholders’ involvement in decommissioning, the level of disclosure was set to be very low. An innovative PESTLE is said to be essential in any decommissioning of a matured province. Considering the age of the Bahrain field and the use of different technologies to enhance the recovery of oil, the infrastructures might be dilapidated. There is no clear evidence of oil and gas decommissioning legislation in Bahrain, however, there are international laws guiding oil and gas operators. Bahrain is a mature field given the age of the oil fields, and production projected decline. This paper reinforces the need for every oil and gas company to carry the stakeholders along in their operation and ensure that their basic needs are provided in ethical manners and also improving the lives of the workforce, families and society at large.
Original languageEnglish
Title of host publicationWorld Congress on Sustainable Technologies (WCST-2023)
PublisherInfonomics Society
Pages159-162
Number of pages4
ISBN (Electronic)9781913572648
DOIs
Publication statusPublished - 2023
Event2023 World Congress on Sustainable Technologies - St Anne’s College, Oxford University, Oxford, United Kingdom
Duration: 13 Nov 202315 Nov 2023

Publication series

Name
ISSN (Print)None

Conference

Conference2023 World Congress on Sustainable Technologies
Abbreviated titleWCST-2023
Country/TerritoryUnited Kingdom
CityOxford
Period13/11/2315/11/23

ASJC Scopus subject areas

  • Energy(all)
  • Engineering(all)
  • Environmental Science(all)

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