Artemis Kostareli

Artemis Kostareli

Senior Manager Environment


  • Day 2
  • 1115 - 1215
  • Technical Session 4

Artemis Kostareli is the Senior Manager for Environment in IPIECA overseeing the environment portfolio which covers biodiversity and ecosystems services, water management issues as well as other environmental topics such as impact assessments. She has been engaging with various stakeholders including UNEP, CBD etc., non-governmental organizations and other industry associations on environmental issues pertained to the oil and gas industry. She has represented IPIECA to numerous UN meetings and international events such as SPE HSE promoting the good environmental practice for the industry. She joined IPIECA in July 2012 as a Manager for Fuels and Products and Supply Chain, later she added Health, a joint activity with IOGP. Prior to IPIECA, she worked for carbon consultancies delivering sustainability support to a variety of organisations. She holds an MSc in Environmental Technology from Imperial College London and an Advanced Diploma in Oil, Gas and Energy Management from London School of Economics.

Topic: Managing biodiversity and ecosystem services in oil and gas development: Mainstreaming the mitigation hierarchy.

Over the past two decades IPIECA and IOGP have actively worked to enhance biodiversity management in oil and gas activities by bringing together the experience and expertise within and outside the industry. Understanding BES issue management principles is fundamental for informing decision-making throughout the asset lifecycle in any type of operation or environment. Oil and gas companies integrate BES conservation considerations into their business management systems using a risk-based approach to manage the potential impacts on environment. Coordination with national biodiversity strategies and action plans is key. Following this, six interrelated management practices provide a framework for management of BES across the oil and gas asset life cycle. The mitigation hierarchy complements the six BES management practices and is designed to help limit as far as possible the negative impacts of development projects on BES. It emphasizes preventing negative impacts first, through avoidance and minimization, before considering restoration and then offsetting efforts.