In this context, waste treatment technologies aimed at energy recovery represent an interesting alternative. In the paper, a technical and economical analysis of thermal disposal plant solutions with energy recovery has been carried out. The considered plants enable the combined treatment of OMW and OH which, although penalizes the energy recovery, proves to be feasible and profitable in a future legislative scenario when stricter limitation on OMW disposal will force oil producers to bear high disposal costs. Results are compared by using economic performance measures, including revenues from produced energy and avoided disposal costs. A sensitivity and risk analysis is also performed in order to assess the economic profitability of the proposed solutions.