OPOL Appoints Charles Taylor for Administration/Financial Services

Oil industry company Offshore Pollution Liability Association Limited (OPOL) has appointed Charles Taylor to provide administrative and financial services following a competitive tender.

All offshore operators currently active in exploration and production on the United Kingdom Continental Shelf are party to a voluntary oil pollution compensation scheme known as OPOL. It applies to all offshore facilities from which there is a risk of a discharge of oil causing pollution damage. The Association exists to ensure that, in the event of a spillage or escape of oil, third party claims for pollution damage are met and the cost of remedial measures reimbursed under the terms of the OPOL Agreement.

Alistair Groom, head of Charles Taylor Management Services, U.K. & International, said, “We are delighted to have been appointed by OPOL to provide a range of support services. Our experience in providing end-to-end management services to major mutual insurance companies around the world, together with our offshore energy expertise, was invaluable in helping to secure the contract.”

Niall Scott, Managing Director, OPOL, said, “Charles Taylor demonstrated that it has the knowledge and expertise to deliver a highly professional and cost-effective service to OPOL. I look forward to a long and mutually beneficial relationship.”