Suka Handaja, Pujianto, Sunarno
The oil and gas sector's environmental impact is coming under more and more scrutiny, which makes environmental risk management (ERM) crucial to preventing negative impacts on ecosystems and public health. This study explores innovative ERM approaches in the sector, aiming to balance sustainability with operational efficiency. Traditional ERM practices often fall short in addressing complex environmental challenges, but advancements in technology and regulatory frameworks present new opportunities. The study's objectives include identifying and evaluating cutting-edge ERM strategies, assessing their effectiveness, and proposing an integration framework. Using a mixed-methods approach, we combined a comprehensive literature review with case studies from leading companies to gather data on ERM practices such as real-Time monitoring systems, predictive analytics, and green technologies. Analysis incorporated the latest industry reports and regulatory updates from 2023. Findings show that assessing risk is much more accurate and timelier when advanced technologies such as IoT-enabled sensors and AI-driven predictive models are utilized. Utilizing green technology, including carbon capture and storage (CCS) and the integration of renewable energy mitigates environmental harm. Companies employing these innovative ERM approaches reported a 25% reduction in spill incidents and a 30% decrease in greenhouse gas emissions over the past year, highlighting the potential for advanced ERM strategies to encourage sustainability in the oil and gas business. Future research will develop a standardized framework for implementing these practices across diverse operational contexts and conduct longitudinal studies to evaluate their long-Term consequences on environmental and operational efficiency. © Published under licence by IOP Publishing Ltd.
Teknik Instrumentasi Kilang, Politeknik Energi Dan Mineral Akamigas, Cepu, Indonesia; Jurusan Fisika, Universitas Negeri Semarang, Semarang, Indonesia
