Financial Assurance Validation Consultant
National Offshore Petroleum Safety and Environmental Management Authority | Published February 4, 2015 - Deadline March 17, 2015
NOPSEMA seeks to establish a panel to provide consultant services to review the financial assurance calculation methods of petroleum titleholders that choose to use a method other than the APPEA method. Panel members will be required to assess titleholder’s methods for the calculation of potential extraordinary costs, expenses and liabilities which may arise from pollution events associated with petroleum activities in Commonwealth waters.
iThis assessment will result in a formal verification and recommendation to NOPSEMA that the titleholder’s proposed method is valid (or otherwise) and will inform NOPSEMA’s decisions on endorsement of particular cost calculation methods.