The Offshore Pollution Liability Association Ltd
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At the OPOL general meeting on 1 December 2015, the OPOL members adopted the following changes to the OPOL Agreement and the OPOL Rules:
Effective 1 January 2016
Effective 1 April 2016
A definition of "Permanently Abandoned" will be included in the OPOL Agreement and the OPOL Rules and the OPOL Agreement and the OPOL Rules will not apply to any "Permanently Abandoned" well or any permanently abandoned installation or pipeline.
Please download/print the full OPOL Agreement in PDF format by clicking on the relevant icon
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The following is an outline of what will be found in the full PDF document.
The Parties to this Contract are Operators of or intend to be the Operators of Offshore Facilities used in connection with exploration for or production of oil and gas.
Each of the Parties has resolved to provide an orderly means for compensating and reimbursing any Person who sustains Pollution Damage and any Public Authority which incurs costs for taking Remedial Measures as a result of a Discharge of Oil from any Offshore Facility so used and located within the jurisdiction of a State denominated hereunder as a "Designated State", provided that such Party is the Operator of the Offshore Facility and has made this Contract applicable to it.
Accordingly, the Parties who have executed this Contract as of the date hereof, together with those Persons who later become Parties hereto, in consideration of their mutual promises, have agreed, and do hereby agree as follows: