JULY 202419 ENVIRONMENTAL BUSINESS REVIEWis not monitored by IBAMA (responsibility of the state where the base is located), with no targets for reduction or reuse. Although exact figures are unavailable, we know these cleanings consume significant amounts of clean water, discarded post-treatment without reuse.Waste transport reports to IBAMA show some waste travels about 500 kilometers to its final destination, with over 700 trips/year from the support base to the final waste destination of a single production enterprise. The presence of waste receivers in the State of Rio de Janeiro, Brazil's largest oil producer with 75% of offshore production, could improve these figures.Reducing waste is another major challenge. One example is the transformation of chemicals into waste due to expiration or contamination. Returning used fluids and chemicals to manufacturers could lead to reprocessing and re-entry into the production process. Some companies are addressing this challenge by changing the supply contract model to a practice known as servitization (product as a service), starting with contracts for the supply of non-aqueous base drilling fluids.The use of cooperatives use limited, as regulatory environment demands for licenses and certificates are costly or require highly specialized labor to obtain. Therefore, there is room in the regulatory environment to simplify requirements so that cooperatives can more effectively manage waste generated by the E&P sector, creating income and jobs for many people.Pathways to Circular EconomyThe circular economy emerges as a revolutionary paradigm in the E&P sector, proposing a sustainable path and reducing greenhouse gas emissions. The industry faces challenges such as water reuse, reverse logistics, inventory management, and servitization of chemicals and drilling fluids, along with effective waste management--starting with proper segregation.Periodic publication of sector results with a holistic view of the entire chain, covering all activities directly supporting the segment, provides a better perspective on where to act to improve waste reduction and reuse activities.Regulatorily, IBAMA plays a vital role in encouraging waste generation reduction and better waste disposal through the enforcement of set targets. It's also possible to promote socially appropriate disposal by simplifying requirements for the inclusion of cooperatives among the recipients of E&P waste.Therefore, it is imperative that the industry fosters the implementation of circular economy practices, not only as a response to regulatory demands but as a fundamental component of its Net Zero strategy for a sustainable world. Periodic publication of sector results with a holistic view of the entire chain, covering all activities directly supporting the segment, provides a better perspective on where to act to improve waste reduction and reuse activities
< Page 9 | Page 11 >