View
99
Download
13
Category
Preview:
Citation preview
Highly flammable substances – in large quantities
Flammability limits equals Explosive limits
High Values High EMLs Offshore Assets – tough and challenging
environment and weather conditions Difficult and high cost involved in repair Blowout and Cratering as a unique hazard
Why Energy Insurance ?
Energy Activities
UPSTREAM Geophysical Surveys
Seismic, 3D Seismic Drilling a well Petroleum
Production Surface Treatment
and Storage Transportation to
the land Pretreatment on
land
DOWNSTREAM Refineries Petrochemicals LNG Trains Gas Processing
Plants Integrated Fertilizer
Plants
Exploration Construction Operation
Production Refining Marketing
What we Insure ?3 phases...
Land Rigs Mobile Drilling
Rigs Platform Rigs Jack-up Rigs Semi-
Submersibles Drill-ships
What we Insure ?3 phases...
Exploration
ExplorationRisks and Insurance Solutions
Physical Damage of Rig / Drilling Unit
Down-hole equipment Owned and hired equipment Removal of Wreck Operators Extra Expenses
(Cost of Control of Well / Redrilling Expenses / Seepage & Pollution)
Third Party Liability War & Political Risks Loss of Hire / Loss of
Earnings
Energy Package Insurance
Oil and Gas Well Drilling Tools Floater Form
London Standard Drilling Barge Form
Hull Clauses in case of Mobile units
EED (8/86) Excess Liability forms Custom made LOH /
LOE forms
ExplorationUnderwriting Information Required
Assured Rig Specs Operators Details Loss Record Rig Personnel’s CVs Rig Owners
Experience Rig Survey reports
Well Locations Well Schedule Well Footage Type of Well :
Exploratory/Developmental/Workover/Producing/ Shut-in/Abondoned
Vertical / Horizontal AFE (Authorization For
Expenditure) Limit to be Insured Coverages to be Insured Drilling Contractors Expereience Type of Drilling Contracts :
Daywork/Footage/Turnkey Loss Record
Fixed Platforms Steel Jacket / Deck
Standard Steel Compliant Tower
Gravity Based Tension Leg Platforms
Floating Structures Semi-submersible FPSO SPARS
What we Insure ?3 phases...
Production.....Platforms
What we Insure ?3 phases...
Production.....Others
OFFSHORE : Sub-sea Systems Pipelines Flowlines Raisers Umblicals SPM / SBM
ONSHORE Refineries Petrochemical
Plants Gas Processing
Plants LNG Trains Integrated
Fertilizer Plants Marketing and
Distribution Operations
ProductionRisks and Insurance Solutions
Physical Damage of Offshore / Onshore Property
Removal of Wreck Operators Extra
Expenses (Cost of Control of Well / Redrilling Expenses / Seepage & Pollution)
Third Party Liability War & Political Risks Loss of Production
Income
Energy Package Insurance
London Standard Platform Form
EED (8/86) Excess Liability
forms Broker Drafted
forms JRC forms for LOPI
ProductionUnderwriting Information Required
Assured Asset Schedule Insured Values Platform Details :
Prduction/Well-head/Accommodation
Operators Details Loss Record Survey Reports Valuation Reports
Well Locations Well Schedule Well Footage Type of Well :
Exploratory/Developmental/Workover/Producing/ Shut-in/Abondoned
Vertical / Horizontal AFE (Authorization For
Expenditure) Limit to be Insured Coverages to be Insured Drilling Contractors
Expereience Type of Drilling Contracts :
Daywork/Footage/Turnkey Loss Record
What we Insure ?3 phases...
Construction
Offshore Platforms, Pipelines,
Sub-sea Equipment, SPM, Cable-lay
New Construction
WELCAR 2001
Onshore Munich Re EAR/CAR Broadform
Are we making money...?
How big could be Energy Losses ?
Hurricanes can create havoc.....
Some of big losses......
Some of big losses......
Recommended