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Water risks pose a threat to            important in building lasting relationships
                 many businesses, but the oil            with local governments and populations.
            “and gas sector is                           Repsol had this long-term vision in mind
                                                         when it worked with the United Nations Deve-
                 particularly exposed because            lopment Program to carry out the Communi-
                 of its requirements for vast            ties Benefit Plan (PBC) for indigenous people
                 amounts of water across                 of Colombia with limited access to potable
                                                         water. The agreement includes construction of
                 the value chain and the                 two micro-aqueducts and maintenance of four
                 geographical overlap between            water reservoirs that benefit more than 1,600
                                                         people from 18 communities. Repsol also hel-
                 many of its operations and the          ped local indigenous communities to develop
                 places where water is most              the capacity to maintain 1,200 water wells and
                 scarce                                  windmills.

            To help mitigate those risks, leading oil and gas
            companies take three kinds of actions.    New opportunities in water
                                                      management
            •   Optimize water efficiency. In order to make
                the best use of available water resources, oil   Investing in water projects can help oil and
                and gas companies will need to work with lo-  gas companies deepen their partnerships with
                cal partners  to develop  innovative  solutions.    NOCs, investors, NGOs and local communities.
                For example, in 2015 Eni began to investigate   In many cases, oil and gas companies are the
                water consumption in the water-stressed Bhit   only available players with the capabilities, the
                and Badhra regions of Pakistan. Eni identified
                areas for improvement in managing water, in-
                cluding better management practice and new
                infrastructure, along with the need to increa-
                se awareness of the importance of water re-
                sources among employees and local commu-
                nities. The company also invested in the water
                distribution network for civil and industrial usa-
                ge, started the reuse of water from treatment
                plants for irrigation and invested in plant im-
                provements  to  make  better  use  of  water.

            •   Manage wastewater efficiently. Wastewa-
                ter is also an asset, which companies can use
                to reduce their demand for fresh water—which
                in turn cuts costs and increases sustainability.
                Leading companies protect local water supplies
                and the environment from pollutants and con-
                tamination by developing effective programs to
                treat water used in their production processes.
                Reusing water was part of BP’s plan to lower
                consumption of fresh water at its refinery in
                Kwinana, Western Australia. BP designed and
                implemented a water minimization and reuse
                plan for the refinery and, in partnership  with
                the government and other industrial players,
                built a new water treatment plant at the refi-
                nery with connections to the local water distri-
                bution system. As a result, the refinery’s total
                water use dropped 42%, and its potable wa-
                ter use dropped by 93%, from 1996 to 2014.
            •   Fund remediation and sustainability
                projects. Finally, leaders invest in a long-term
                vision that aims to continuously improve wa-
                ter quality and the access to water supply.
                These programs aim to reduce or remove
                any  effects  that  oil and  gas  operations  have
                on water resources. These  projects are also



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