Civil Liability and Financial Security for Offshore Oil and Gas Activities

By Michael Faure, Niels Philipsen, Hui Wang, Kristel De Smedt, Jing Liu

Description
Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.

Provides a detailed overview of the liability and compensation regime for offshore-related damage in a variety of legal systems
Offers insight into the way in which offshore-related damage is currently compensated, were such an incident to occur in European waters
Gives readers detailed knowledge of the variety of compensation mechanisms available (insurance, risk-sharing agreements, self-cover and so on) and the amounts currently available for cover
Provides an analysis of the possibilities of a potential new compensation mechanism

Editor
Michael Faure, Universiteit Maastricht, Netherlands
Michael Faure is Professor of Comparative Private Law and Economics at Erasmus University Rotterdam and Professor of Comparative and International Environmental Law at Maastricht University. He serves also as Academic Director of the Maastricht European Institute for Transnational Legal Research (METRO).

Contributors
Michael Faure, Niels Philipsen, Hui Wang, Kristel De Smedt, Jing Liu

Subject
Private Law