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Financial assurance

Leveraging our expertise to streamline financial assurance processes.

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Where financial assurance is a prior condition of an environmental plan being accepted, the potential costs, expenses and liabilities resulting from offshore activities need to be fully justified. Our Financial Assurance support draws on our combined expertise across well operations, drilling engineering, environmental assessment and data auditing.

Our clients benefit from a streamlined financial assurance process that makes the most of our trusted organisational capability. As trusted advisors to industry and government bodies, we routinely carry out independent data validation on behalf of industry and regulators.

Most recently, this includes the validation of the 2018 APPEA Method for Estimating Levels of Financial Assurance which has now been endorsed by NOPSEMA.

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Service breakdown

When the ‘worst case’ credible spill scenario for your well exceeds the limits defined by the regulator, we validate the methodology used to calculate:

  • Costs incurred by undertaking the greatest reasonably credible operational response measures required to manage, terminate or control a petroleum incident and its consequences

  • Costs to clean up and remediate the greatest reasonably credible damage that could result from the incident

  • Costs or expenses for environmental monitoring of the incident’s impact

Project approach
  • Demonstrate sufficient assurance to support your well delivery and environmental plans to stakeholders, including the regulator

  • Save cost and time by using our experienced data validation team

  • Reduce the risk of regulatory delays

  • Have all the disciplines needed in one place

Trusted globally by industry and regulators.