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Multidimensional Analysis of Sustainability and Integration of Sustainable Energy Practices in Petroleum Field Management

Author

Listed:
  • Muhammad Ariyon

    (Department of Environmental Sciences, Postgraduate Program, Universitas Riau, Indonesia; & Petroleum Engineering, Faculty of Engineering, Universitas Islam Riau, Indonesia)

  • Sukendi Sukendi

    (Department of Environmental Sciences, Postgraduate Program, Universitas Riau, Indonesia; & Faculty of Fisheries and Marine Science, Universitas Riau, Pekanbaru, Indonesia)

  • Ridwan Manda Putra

    (Department of Environmental Sciences, Postgraduate Program, Universitas Riau, Indonesia; & Faculty of Fisheries and Marine Science, Universitas Riau, Pekanbaru, Indonesia)

  • Husnul Kausarian

    (Geological Engineering, Faculty of Engineering, Universitas Islam Riau, Indonesia)

Abstract

This study illustrates the importance of sustainable energy management in the context of oil field management in Indonesia. Using the Rappetro approach, this research evaluates the sustainability of oil field management across various dimensions, including ecological, economic, socio-cultural, technological, and legal-institutional aspects. Findings indicate that the sustainability index for all dimensions—ecology (64.07%), economy (57.72%), socio-cultural (52.91%), technology (64.44%), and legal-institutional (61.7%)—is robust. This signifies that oil exploration and exploitation operations in the area have effectively integrated conservation principles. Energy management and balanced integration of ecological, economic, and technological aspects in oil field management play a key role in ensuring long-term sustainability. Theoretically, this research provides valuable insights for the energy sector by highlighting the sustainability of oil field management. Its implications are relevant in shaping sustainable energy practices, emphasizing the need for a comprehensive approach in every stage of oil resource exploration and exploitation. Thus, this study makes a significant contribution to guiding policies and practices that support sustainable energy development in the future.

Suggested Citation

  • Muhammad Ariyon & Sukendi Sukendi & Ridwan Manda Putra & Husnul Kausarian, 2024. "Multidimensional Analysis of Sustainability and Integration of Sustainable Energy Practices in Petroleum Field Management," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 654-662, July.
    • Handle: RePEc:eco:journ2:2024-04-61
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    References listed on IDEAS

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    1. Sabina Beisembekova & Muratbay Sikhimbayev & Dinar Sikhimbayeva & Gulnara Srailova, 2022. "The Innovative Ways of Development in the Oil and Gas Industry of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(1), pages 9-16.
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      More about this item

      Keywords

      Energy Management; Sustainable Energy Practices; Energy Sector; Environment; Multi-Dimensional Analysis; Oil Field;
      All these keywords.

      JEL classification:

      • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
      • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
      • L5 - Industrial Organization - - Regulation and Industrial Policy
      • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
      • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

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