Calendar19 November 2018
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Ipieca and the Society of Petroleum Engineers (SPE), have signed a memorandum of understanding (MOU) to collaborate on meeting the world's energy needs in a socially and environmentally responsible manner. The MOU was signed by Ipieca Executive Director Brian Sullivan and SPE President Sami Alnuaim. The signing took place at the Ipieca office in London on Monday 19 November 2018.

The MOU will allow SPE and Ipieca to collaborate on improving the sustainability performance among the oil and natural gas industry.

'Along with sharing our combined networking and knowledge resources, this agreement is poised to benefit not just our industry but also our communities as we share good practices and peer learning about sustainability,' said Brian Sullivan, Ipieca Executive Director. 'A key step in the partnership will be working together on the Sustainability and Stewardship in the Oil and Gas Industry Award scheme.'

Both parties understand that the future license to operate will largely depend on the industry's ability to communicate the contribution of oil and gas to sustainable development while improving industry's performance.

'SPE looks forward to working with our colleagues at Ipieca to further promote sustainability reporting and best practices,' said Mark Rubin, SPE CEO and Executive Vice President. 'Both SPE and Ipieca are motivated to coordinate and share technical knowledge that helps the oil and natural gas industry meet world energy demand in a safe and sustainable manner.'

Opportunities to work together include Ipieca's participation in global and regional SPE conferences and symposia, as well as SPE forums and workshops. Ipieca also will promote SPE programmes, including publications and conferences on topics relevant to its membership. In turn, SPE will promote Ipieca's publications, tools and workshops that could enhance SPE members' knowledge of environmental and social issues. Such actions will support and help to integrate sustainability factors into business performance.

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