World Oil & Gas reserves......
Oil & Gas Logistics.
Energy Activities
UPSTREAM (E&P)
Geophysical Surveys
Seismic, 3D Seismic
DOWNSTREAM
Refineries Petrochemicals LNG Trains Gas Processing Plants Integrated Fertilizer Plants
Drilling a well Petroleum Production Surface Treatment and Storage Transportation to the land Pretreatment on land
Why Energy Insurance is a separate LOB ?
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
On Land
Exploration / Drilling
Shallow Waters
Bay Barge Submersible Posted Barge Rig
Truck-mounted Drilling Rig
Heavy Duty Modular Rig
Mobile Offshore Drilling Units (MODUs or Rigs)
Jack-up Rig (350-500 ft) Semi-submersible Rig (500-5000 ft) Drillship Platform Rig Cantilever Jack-up Rig
What can go wrong ?
Exploration
Risks 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
Exploration
Underwriting Information Required
Assured Rig Specs Operators Details Loss Record Rig Personnels 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
What we Insure ?
Production.....Platforms
Fixed Platforms
Steel Jacket / Deck
Standard Steel Compliant Tower
Gravity Based
Tension Leg Platforms
Floating Structures
Semi-submersible FPSO SPARS
What we Insure ?
Production.....Others
OFFSHORE :
Sub-sea Systems Pipelines Flowlines Raisers Umblicals SPM / SBM
Production
Risks 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
Production
Underwriting Information Required
Assured Asset Schedule Insured Values Platform Details : Prduction/Wellhead/Accommodation Operators Details Loss Record Survey Reports Valuation Reports
Well Locations Well Schedule Well Footage Type of Well : Exploratory/Developmental/Workov er/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
Downstream / Onshore
ONSHORE
Refineries Petrochemical Plants Gas Processing Plants LNG Trains Integrated Fertilizer Plants Marketing and Distribution Operations
What we Insure ?
Construction
Offshore Platforms, Pipelines, Subsea Equipment, SPM, Cable-lay New Construction
Onshore Munich Re EAR/CAR Broadform
WELCAR 2001
Are we making money...?
How big could be Energy Losses ?
Hurricanes can create havoc.....
Some of big losses......
Some of big losses......
