Method for Assessment of Financial Indemnity/Insurance of Petroleum Authorisation Holders
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From: Department of the Environment, Climate and Communications
- Published on: 29 June 2017
- Last updated on: 2 June 2021
This report reviews the existing Irish regime for approving offshore exploration drilling and the requirements of other jurisdictions, with respect to ensuring the applicant has adequate financial provision to cover liabilities potentially deriving from the applicant's offshore activities, including effective emergency response and subsequent remediation and potential economic damages.