Abstract

In the last 15 years, and especially after remarkable large technological accidents like Bhopal, San Juanico,Tacoa, Piper Alpha, Exxon Valdez, Sea Empress, etc, the risk assessment tools have become a must for design engineers and also have been growing popular since more reliable oil spill accident analysis data has been gathered in the last ten years. On the other hand the large investments that have been necessary to execute in order to adequate and improve old facilities, equipment, etc., and the total loss control enhancements in new projects, have created some concern on how much safe is safe and how much money is necessary to spend in order to be sufficiently preventive without getting into financial trouble and being technologically sound according the growing global concern about environmental issues. Concepts are presented in risk prevention and oil spill risk assessment, and examples are developed in order to understand the link between different oil spill risk prevention options and the management finance decision making process. The main conclusion relates the necessary financial justification of oil spill prevention projects and programs, and oil spill risk prevention assessment techniques as tools for better environmental and financial management decision making process. Transactions on Ecology and the Environment vol 20, © 1998 WIT Press, www.witpress.com, ISSN 1743-3541

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