DEVELOPING AND SUSTAINABLE OIL AND GAS PROJECT

Running head: DEVELOPING AND SUSTAINABLE OIL AND GAS PROJECT
Developing and Sustainable Oil and Gas Project
Name of the Student
Name of the University
Author note

DEVELOPING AND SUSTAINABLE OIL AND GAS PROJECT1
Table of Contents
1. Aim, objective and feasibility of the dissertation........................................................................2
2. Literature review..........................................................................................................................5
3. Research methodology and methods...........................................................................................9
References......................................................................................................................................12

DEVELOPING AND SUSTAINABLE OIL AND GAS PROJECT2
1. Aim, objective and feasibility of the dissertation
One of the most vital raw materials among the natural resources is oil and now-a-days,
the day-to-day life of the people is highly dependent on the oil. There are a wide range of
products that are made up of either gas or oil (Shaikh et al. 2017). The contribution of the oil and
gas industry is considerable in the economic growth of the country. In addition, it also creates
huge employment opportunities for the people of the country, which is beneficial for the
developing countries. However, the high demand for the products made from oil and gas lead to
the over extraction and exploration of the natural resource. The potential demand for the oil and
gas also shot up in the era of industrialization. The developing countries, especially Southeast
Asia welcomed the oil and gas projects that belongs from the extractive industries have a severe
environmental impact.
Thus, in order to avoid issues related to the environmental sustainability, it is necessary to
take the path of developing and sustainable oil and gas project, which will also minimize the
social disruptions. As stated by (Mamat, Sani and Sudhakar 2019), a major concern for the
players from oil and gas industry and governments to control the issues related to the
environmental sustainability. The necessity of developing and sustainable oil and gas project
become inevitable for the developing countries. A major toll is created by activities carried out
by the oil and gas projects, which has a profound negative impact. It not only affects the health
and livelihood of the people but also affects the environment, which causes pollution.
In entire history of the oil and gas industry, it hit by the greatest challenge related to
health, environment and safety currently (Fulton et al. 2017). Many researches have been
conducted in order to find out the sustainable way to operate the oil and gas project. The

DEVELOPING AND SUSTAINABLE OIL AND GAS PROJECT3
concerned study will contribute in the academic field by making the interpretation of the research
more creative and active through investigating challenges faced by the oil and gas companies
from developing economies to sustain such projects. According to (Tongsopit et al. 2016), there
are several organizations that works in this field to operate the oil and gas project in a more
sustainable way. To improve the management decisions of the players in field of the oil and gas
projects, the overview of the areas of strategic forecasting is crucial. It will enable the existing
organizations in the oil and gas industry to manage sustainability.
The aim of this research paper is to assess and identify the factors that lead to the
developing and sustainable oil and gas project, which will be considered as the major
contribution for the oil and gas industry. It will benefit the people associated with the project as
well as the people those who affected due to adverse consequences of the non-sustainable
approach to produce oil and gas. Hence, it can stated that the concerned study will contribute
significantly in both academic and management field. As per , it is necessary to adopt a
collaborative approach to sustainable development by the oil and gas companies of the
developing countries to achieve the UN and national development goals. To manage the whole
system, the actions such as close relationships and cooperation with the peers, project area
communities, non-governmental communities, development partners and governments are
required to undertake. According to (Oh et al. 2018), the countries from the mainland Southeast
Asia such as Laos, West Malaysia, Vietnam, Thailand, Myanmar and Cambodia and the
countries maritime Southeast Asia such as Indonesia, East Malaysia, Philippines, East Timor and
Singapore had a rivalry over natural resource related to gas. Despite, strong production these
countries hit by the rising demand and volatile oil prices. The gap between the oil demand and
production widened in recent years. Though, the production of the oil remained steady, the