|Document ID (ISN)||57592|
|ISSN - Serial title
||0260-9576 - Loss Prevention Bulletin
|Convention or series no.
||Piper Alpha - Cost of the lessons
||Dec. 1991, No.102, p.1-5. Illus.
||The way insurance programmes for high-value oil/petro-chemical risks are organised is described and the insurance placement and costs resulting from the accident to the Piper Alpha oil production platform are discussed. Insurance of such risks may cover damage to the facility, business interruption, third party liability, pollution and clean up and debris removal. The actual size of the loss to the insurance industry following the Piper Alpha accident is still not known, although an approximate figure is given as USD 1.5 billion.
||United Kingdom; major hazards; cost of accidents; offshore oil extraction; petroleum and natural gas industry
||role of insurance institutions; economic aspects
||D - Periodical articles
|Country / State or Province||United Kingdom|
||Chemicals, plastics and rubber
|Broad subject area(s)
||Fires, explosions and major hazards
Petroleum and natural gas industry