The Risks Of An Offshore Business Interruption Claim: Is There Any Hedging Option?
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The purpose of this paper is to analyse the main risks that can affect an offshore facility during Exploration and Production activities, which could be a catastrophic event. Besides reliability of design features, other measures should be attempted in order to ensure the safety of operational conditions.
Financial hedging is just one of these options, and is explained at length here by Petrobras and the Universidade Federal do Rio de Janeiro.
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