BAKU, Azerbaijan, April 7. Azerbaijan’s state oil company SOCAR and GL International LLC have inked a Risk Service Agreement related to rehabilitation and development of the block including the Buzovna-Mashtaga, Gala and Zyra oil fields in the country, Trend reports.
An environmental protection strategy shall be developed for the Contract Area, which shall include:
An environmental management system;
Environmental risk assessment;
Baseline study and environmental impact assessment during
operations;
Ambient and operational environmental monitoring;
Emergency response plan;
An environmental work program carried out in sequences appropriate
to the phases of Petroleum Operations as described in the
Enviromental Standards (seismic survey, exploration drilling, field
development and production and abandonment).
Contractor shall be liable for these direct losses or damages incurred by a Third Party (other than Governmental Authority) arising out any environmental pollution or environmental damage caused by the fault of Contractor.
In the event of any environmental pollution or environmental damage caused by the fault of Contractor, Contractor shall take necessary measures, in accordance with Good International Petroleum Industry Practice, to mitigate and remedy the effect of any such pollution or damage on the environment.
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