UPSTREAM ENERGY

SUBCLASSES

  • Property Damage
  • Hull & Machinery
  • Operators Extra Expense
  • OPOL
  • Business Interruption
  • Construction All Risks
  • Named Atlantic Windstorm

TARGET CLIENTS

  • Major Oil Companies
  • National Oil Companies
  • Independent Oil Companies
  • Service Companies
  • Drilling Contractors

APPETITE

  • Property damage – Offshore: platforms, pipelines,
    subsea fields. Onshore: pipelines, gas plants,
    terminals, oilfield equipment
  • oHull & Machinery – FPSOs, FSOs, FLNGs. Low
    appetite for offshore drilling units.
  • Operators Extra Expense – both offshore and
    onshore – preferably not stand-alone
  • OPOL – North Sea – as part of package which would
    include property damage and operators extra
    expense coverage
  • Business interruption – preferably not stand alone and
    in a package with property damage cover. Appetite
    same as property damage above
  • Construction All Risks – Platforms, pipelines, subsea
    fields, floating production units, mobile offshore
    drilling units
  • Named Atlantic Windstorm – platforms, pipelines,
    wells, floating units

COVER

  • Property damage – physical loss/damage cover for
    upstream/midstream assets including platforms,
    pipelines, gas plants, oilfield equipment
  • Hull & Machinery – physical damage and wreck
    removal coverage for hull and machinery of energy
    assets such as FPSOs / FSOs / FLNG / offshore
    support units and mobile offshore drilling rigs
  • Operators Extra Expense – covers operators cost of
    controlling a well, re-drilling a well and associated
    seepage and pollution from a ‘well control’ event
  • oOPOL – North Sea pollution cover from offshore
    facilities
  • Business interruption – covers loss of revenue / loss
    of production income / fixed costs / debt servicing /
    increased costs of working arising out of a physical
    loss / damage or well control event
  • Construction All Risks – covers construction and
    installation of offshore energy assets such as
    platforms, pipelines, floating production units
  • Named Atlantic Windstorm – windstorm coverage for
    offshore energy assets

CAPABILITIES

  • Offshore Property USD 100m all interests combined
  • Operators Extra Expense USD 30m iro
    Exploratory/Developmental wells
  • Midstream USD 37.5m all interests combined
  • Construction All Risks USD 100m
  • Named Atlantic Windstorm USD 15m per program

SOCIALs

REMCI Finance Agency GmbH

Monday – Friday 9 – 17 O’Clock

 

Paul-Ehrlich-Straße 38

63322 Rödermark

 

phone: +49 (0) 6074 728 51 00

eMail: service@remcigroup.com

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