ConocoPhillips

Our Approach to Water

Storage Tanks at Waddell Ranch

​Overview

We recognize that fresh water is a limited resource in some parts of the world and its availability may change in the future. Our commitment to water management practices and technology is designed to conserve and protect freshwater resources during all stages of the project life cycle including:

  • Water sourcing
  • Storage and transport
  • Recycle and reuse
  • Discharge and/or disposal

Our risk-based approach integrates water strategy and risk management into our long-range planning and business processes. In regions with physical, regulatory or social water risks, we explore opportunities to use non-freshwater sources, ranging from deep brackish groundwater to recycled produced water and reused municipal wastewater. In addition to managing freshwater, we explore opportunities to improve discharge water quality and reduce the volume of water discharges or disposal.

Water impacts society, businesses and ecosystems on the local and global scale. Water scarcity affects more than 40 percent of people around the world, according to the United Nations Development Programme. Projected population growth will increase water demand for:

  • Domestic use and sanitation
  • Manufacturing
  • Energy and food production

While water scarcity is an important issue globally, the solutions for constrained availability are often local. All users — domestic, agriculture and industry — will need to effectively manage supplies to meet demands.

We assess, measure and monitor water use at our operated assets, while cost-effectively addressing the short-term and long-term water related risks to our businesses. Through this approach we manage our water risks and contribute to sustainable water management. We strive to align our actions with societal values for protecting and conserving freshwater resources and to support improved water management performance across the industry.