Environmental Liability Transfer for a Global Oil and Gas Company

Challenge:     

As a solution to an integrated oil client’s liability reduction goals, Antea Group executed a liability transfer contract for the known and unknown pre-existing environmental liability for a portfolio of 146 active retail fuel outlets in the Mid-Atlantic. Of the 146 facilities, 38 had active incidents being managed by others at the time of the liability transfer.  Most of the active incidents had been open for at least ten years prior to the liability transfer and were at various stages of assessment and remediation. In addition to the 38 active incident facilities, four new incidents were opened at four different facilities subsequent to the liability transfer that became a part of Antea Group’s overall liability to manage.

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About Antea Group

Antea Group is an international engineering and environmental consulting firm specializing in full-service solutions in the fields of environment, infrastructure, urban planning and water. By combining strategic thinking and multidisciplinary perspectives with technical expertise and pragmatic action, we do more than effectively solve client challenges; we deliver sustainable results for a better future. With more than 3,000 employees in over 100 offices around the world, we serve clients ranging from global energy companies and manufacturers to national governments and local municipalities. Learn more at http://us.anteagroup.com.