Criteria of Evaluation of Proposals as developed by the IPEC Industrial Advisory Board

The IPEC Industrial Advisory Board (IAB) will evaluate the relevancy of preproposals to the mission of IPEC. The criteria for evaluating these preproposals include, but are not necessarily limited to, those listed herein. It is recognized by the IAB that it is unlikely that any single preproposal will incorporate all of the dimensions of merit discussed below. However, the Board wishes to provide its best guidance in its interpretation of relevancy to the IPEC mission.

I. Overall

  1. Addresses one or more environmental needs or concerns of the oil and gas industry.
  2. Provides evidence of evolving from direct interaction with one or more industry representatives.

II. Operational and Business Practice

  1. Anticipates results which will be broadly applicable within one or more sectors of the oil and gas industry.
  2. Provides technology which will be delivered in an immediately usable and applicable form. Specifically, the technology to be delivered should have the following attributes:
    1. Technology is anticipated to be cost-effective and economic.
    2. Technology is anticipated to be more easily, readily or less expensively implemented than current, comparable, technology.
  3. Offers a reasonable prospect for implementation within three (3) to five (5) years of the initiation of the project.
  4. Does not offer a reasonable prospect for implementation within three (3) to five (5) years of the initiation of the project, but does offer a reasonable prospect for significant and substantial operational or business practice improvement for the oil and gas industry as a whole.
  5. Focuses on existing and/or anticipated problems.

III. Economic

  1. Can be reasonably anticipated to enhance the economic viability of the oil and gas industry.
  2. Can be reasonably anticipated to enhance the sustainability of the oil and gas industry.
  3. May provide opportunities to eliminate, mitigate or accurately assess current or future environmental liability of the oil and gas industry.

IV. Information Transfer and Dissemination

  1. Incorporates elements clearly intended to facilitate technology transfer and/or dissemination of the information or technology developed to for the oil and gas industry at large, and, as appropriate, relevant portions of the general public.
  2. Offers opportunities to demonstrate positive environmental action by the oil and gas industry to the general public.

V. Intrinsic Technological Advantages

  1. Incorporates elements which are innovative or unique.
  2. Does not incorporate elements which are innovative or unique, but fills a significant need or addresses a significant concern of the oil and gas industry.

VI. Regulatory

  1. Incorporates elements which are proactive in nature.
  2. Demonstrates a warranted anticipation of regulatory direction. Anticipates regulatory change.
  3. Contemplates technologies which arguably can be implemented within the existing framework of state and federal regulation. Does not require regulatory change.
  4. Offers opportunities for the reduction of the current regulatory burden placed upon the oil and gas industry.