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Energy – Oil and Gas Insurance

Level:Specialist Duration:1 Day CII CPD Hours:6

This introductory energy insurance training workshop requires no prior knowledge of oil and gas risks and related insurances.

It provides an overview of the onshore and offshore risks arising during exploration, development, production, refining, operations, it reviews typical contractual relationships, the development of specialist insurances (property, liability, pollution and financial), current policy coverages and the oil and gas marketplace.

Our introductory energy insurance training workshop would be especially useful for those just embarking on a career in oil and gas insurance.

  • After attending this workshop, delegates will be able to:
    • Understand how hydrocarbon reservoirs are found, viability determined, developed and exploited
    • Describe the installations, units, equipment and processes employed, and the related risks.
    • Outline the contractual relationships and responsibilities involved in upstream, midstream, and downstream operations
    • Summarise the development of the specialist insurance markets and products
    • Understand the basic legal elements of oil and gas insurances
    • Explain the key underwriting considerations
    • Describe the makeup of the oil and gas insurance markets and risks placements
    • Summarise the specialist coverages available to oil and gas companies, contractors and other parties during the various phases.
  • Workshop content includes:
    • Overview of offshore and onshore oil and gas installations, facilities, drilling units, craft, equipment, methods and processes (seismic, drilling, fabrication, installation, production , refining, etc.) and the various risks arising during these activities.
    • An examination of typical legal and contractual obligations of the parties
    • A brief history of oil and gas insurances, its notable drivers and the current insurance needs of oil and gas companies, contractors and others.
    • An overview of the London and international insurance markets
    • An outline of the coverages offered by the markets for property, liability, drilling, pollution and financial risks.
      How risks are placed and underwritten and the role of agents and brokers
    • Claims experiences and lessons learned.

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    +44 (0) 1372 361177