(continued from issue 105(2007)18, pp 33-38) The third and final part of this series examines the impact of weather on offshore losses. Weather plays a major role in human activities offshore, and extreme weather in particular is one of the significant perils encountered. Storms and hurricanes regularly challenge and endanger the offshore energy industry, exposing their insurer, owners, and investors to significant capital loss. A statistical assessment of weather damage and loss, broken out by region, time, and loss category is presented for the time horizon 1970 to 2004 based on the Willis Energy Loss database. At the beginning the summary review of the 2005 hurricane season is presented.


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    Title :

    Offshore energy loss - 3. Weather's role important in marine E&D operations


    Additional title:

    Verluste bei der Offshore-Förderung - Teil 3. Der Einfluss von Wetter


    Contributors:

    Published in:

    Oil and Gas Journal ; 105 , 19 ; 36-38


    Publication date :

    2007


    Size :

    3 Seiten, 8 Tabellen, 11 Quellen



    Type of media :

    Article (Journal)


    Type of material :

    Print


    Language :

    English




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