Oil and Gas

This covers the onshore risk including refineries, petrochemical plants, depots, tank farms to the offshore risk 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 manner of well delivery services.


  • 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.

Who purchases this cover?

Corporate business.

Bid more and personal relationship.

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.