A Framework for the Management of Oil Spillage Risks in Oil Dissertation - 1

A Framework for the Management of Oil Spillage Risks in Oil Exploration Programmes - Dissertation Example The aim of this paper is to develop a framework that will help the companies in order to control their oil spillage risks in oil exploration programs.  The objectives will be to investigate the nature of oil spillage risks; identify and summarize the existing understanding about oil spillage risk management; discover good practices in managing oil spillage risks and to provide a new framework that summarizes the findings and can be used further for managing oil spillage risks. Besides this, the paper has also focused on different methods used to manage the risk of oil spillage.  The oil industry is concerned with a long history of spills on the North Slope and the probability of future spills is high. Indeed, there has been an oil spillage once a day, on average, from the time when gas and oil development began on the North Slope. In order to make the subject worse, ocean currents move the chemicals and oil hundreds of miles. Further, in the Arctic Ocean, cleaning up oil spills w ould lead to enormous challenges. Suppression and recovery at sea hardly ever leads to the removal of more than a comparatively small fraction of a large oil spill, i.e. only 10-15% and often significantly less. Till date, no technology subsists in order to clean up oil in the sea ice circumstances and late-season spills would stay behind until the following year.  Oil spillage refers to an unintentional release of oil in a water body due to human activity and is regarded as form of pollution.