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8 - Concluding Remarks

Published online by Cambridge University Press:  20 October 2016

Michael Faure
Affiliation:
Maastricht University
Niels Philipsen
Affiliation:
Maastricht University
Hui Wang
Affiliation:
Maastricht University
Michael Faure
Affiliation:
Universiteit Maastricht, Netherlands
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Summary

These concluding remarks will provide a summary of recommendations that have been made concerning the formulation of an optimal liability and compensation scheme for offshore-related risks at the end of the preceding chapters. Hence, in order to avoid repetition, we will now summarize the earlier recommendations and refer in footnotes to the specific places where the motivation for those recommendations has been provided. The advantage is that all recommendations are brought together, while the reader can consult the text referred to in the footnotes to obtain the detailed motivation for the specific recommendations. The recommendations we will formulate to an important extent follow the order of the chapters in this book.

General

  1. • Data on incidents related to damage resulting from offshore oil and gas activities are either difficult to obtain or not publically disclosed. It is recommendable that an institution at the European Union level should centrally collect those data, also in order to increase the insurability of offshore-related damage.

  2. • It is recommendable to urge Member States to invite the offshore oil and gas producers within their jurisdictions to collaborate in the provision of those data to the central European institution.

  3. • It is recommendable that the European Union take the initiative (eventually via a specialized UN agency or other institutions) to come to an international agreement especially focusing on offshore-related incidents with a trans-boundary character.

  4. • In order to promote (international) risk pooling by industry, mandatory safety standards should be implemented guaranteeing a minimum level of offshore safety in the European Union. Safety regulation should play a more important role than liability rules in the prevention of offshore-related risks.

  5. • Given the higher technical knowledge of industry on optimal safety standards, the European Union could promote (inter alia, via guidance notes) industry agreements (eventually with national regulators) on targets and safety standards but striving for highly harmonized EU-wide safety standards.

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Chapter
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Publisher: Cambridge University Press
Print publication year: 2016

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  • Concluding Remarks
  • Edited by Michael Faure, Universiteit Maastricht, Netherlands
  • Book: Civil Liability and Financial Security for Offshore Oil and Gas Activities
  • Online publication: 20 October 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316711583.009
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  • Concluding Remarks
  • Edited by Michael Faure, Universiteit Maastricht, Netherlands
  • Book: Civil Liability and Financial Security for Offshore Oil and Gas Activities
  • Online publication: 20 October 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316711583.009
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Concluding Remarks
  • Edited by Michael Faure, Universiteit Maastricht, Netherlands
  • Book: Civil Liability and Financial Security for Offshore Oil and Gas Activities
  • Online publication: 20 October 2016
  • Chapter DOI: https://doi.org/10.1017/CBO9781316711583.009
Available formats
×