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......