MIA: The goal of the Mutual Indemnity Agreement (MIA) for the oil and gas industry is to create clarity on liability. This prevents overlapping insurance policies from being taken out to cover identical risks for personnel, installations or other equipment. Every company only has to insure themselves for their own damages they could incur.
Registering: There are currently more than 800 companies that have signed the mutual indemnity agreement. The agreement is supported by both NOGEPA and IRO. Companies interested in signing the MIA can do so by sending a signed copy of the MIA to NOGEPA. NOGEPA keeps a register of affiliated companies.