New Standard Aims to Certify “Responsible” Oil Sites
Posted by Molly Beauchemin
Sep 18, 2014 4:15 PM ET
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The Great Energy Challenge Energy Blog
The Great Energy Challenge Energy Blog
In the Orinoquia region of Colombia, two oil fields run by Toronto-based Pacific Rubiales Energy last week became the first to be certified as “socially and environmentally responsible,” according to a new standard. The two sites produce approximately 250,000 barrels per day, or 25 percent of Colombia’s total output.
That oil is being produced amid a complex web of natural resources, ecosystems, and indigenous communities in this region of the Amazon. That’s why the company Equitable Origin set out to create a standard that would define and reward best practices in oil and gas production, much in the way that the LEED standard has pushed efficiency and conservation measures in public buildings.