Abstract The Program "Población, Energía y Ambiente" (PEA) is a response from the countries sharing the Amazon to the challenge of developing an oil industry compatible with the objectives of sustainable development. It is a joint initiative by OLADE – The Latin American Energy Organization- and the World Bank, aiming at supporting governments, industry and indigenous peoples in their dialogue for developing common criteria to improve the handling of environmental and social impact of oil operations. At the origin, governments appointed high level official – National Coordinators (NC)- who comparing their difficulties in dealing with the social impact of oil operations agreed on the need of a long-term action plan, involving the key stakeholders from industry and indigenous peoples organizations. The PEA has hosted three meetings gathering the NC, company representatives, ARPEL – the regional industry association-, indigenous peoples organizations and COICA – the coordinating organization of the Amazon indigenous federations. As a result, the PEA has generated a tripartite dialogue that is paving the way for joint activities: National dialogues to open communications among key stakeholders inside countries,Development of an information network,Preparation of Reference Documents to harmonize industry regulations, andA training program to improve social and environmental standards and existing dialogue. Complementarily, the PEA include other efforts, such as loans to governments wishing to engage in consultations prior to licensing blocks and a study comparing the distribution mechanism of oil rents focusing on the shares received by oil provinces and indigenous peoples affected by the industry. The PEA Program is facilitating constructive tripartite dialogues – at national and regional level- and thus is increasingly becoming a platform for the identification and dissemination of Best Practices in dealing with the social impact. The proposed paper will present the background, progress achieved and challenges of this unique Program.