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......