Yesterday the European Parliament vote on new environmental impact assessment rules of oil and conventional gas exploration, while at the same time rules for shale gas were excluded.
The Probability of an Offshore Accident
August 6, 2013 by Leave a Comment
Risk is the product of frequency and consequence. Accordingly, high consequence events which occur infrequently may contribute as much risk as frequent events which have smaller consequences. Estimating the frequency with which events occur is as important to overall risk as accurately predicting the consequences. One way of estimating frequency is to look at historical records. The information presented below are an abstract from the “Safety of offshore oil & gas Impact Assessment Annex I” working paper from the European Commission, published in 2011 to accompany the proposal for a regulation of the European Parliament on safety of offshore oil and gas prospection, exploration and production activities.
Potential Costs of an Offshore Accident
July 16, 2013 by Leave a Comment
The negative impacts of an accident are hard to quantify precisely, they will of course depend on the type, the scale, the time and the location of the event. In the case of an oil spill, its duration and the type of the oil will also have a major impact. The costs of an offshore accident will include costs to the operator (damage to the installation, lost oil, containment, cleanup, litigation etc.) and third-party costs to victims, to natural resources, the government and the affected individuals/businesses (including lost income). The information presented below are an abstract from the “Safety of offshore oil & gas Impact Assessment Annex I” working paper from the European Commission, published in 2011 to accompany the proposal for a regulation of the European Parliament on safety of offshore oil and gas prospection, exploration and production activities.
Officer of the Watch 