Oil and Gas Insurance
About AIICO Oil and Gas Insurance
It covers onshore risks including refineries, petrochemical plants, depots, tank farms and also offshore risks comprising multinational and independent lease operators who work along with oil service companies involved in engineering & construction services, seismic operations, drilling rig activities and all kinds of well delivery services.
Who purchases this cover?
Corporate businesses in the oil and gas sector.
Why Oil and Gas insurance?
- Installation against oil risks
- Construction risk, not renewable
- Operational risk covers all the activities i.e. energy package - physical damages, onshore and offshore
- Operators Extra Expenses (OEE) - control of wells
- Cost of control of well, cost of re-drilling, cost of cleaning
- General 3rd party liability