Integrated management of water resources: A novel approach for water‐stressed regions

With the imminent global water crisis, it is imperative to revolutionize how water as a commodity is managed. Currently, there is a disconnect between how various sectors of the society withdraw and consume water especially in hydrocarbon‐rich, water scarce regions such as the Middle East. This study proposes a multi‐criteria, multidisciplinary decision analysis model for integrated technology development across private and public sectors in such regions. The increasing water stress provides the oil and gas industry an opportunity to play a pivotal role in harnessing its technologies to sustainably support the water demand. The proposed concept is supported with case studies highlighting challenges and innovative solutions applied across the globe. This study builds a case for a framework on the basis of a step‐change opportunity to manage water needs and effectively plan technology, investment, and regulatory requirements for sustainable access to future sustainable freshwater management.