Professional Documents
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The Place of Insurance in Oil and Gas Transactions (Anne Mkala)
The Place of Insurance in Oil and Gas Transactions (Anne Mkala)
Anne Mkala
Aon Kenya Ltd
Overview
About Aon
Industry Update
Principles and Fundamentals of Oil and Gas Risk
Insurance Risk transfer
FAQs
62,000 colleagues
world
Areas of expertise
Our exclusive focus on the energy industry enables us to have
dedicated professionals that look after clients in a variety of
energy sectors including:
Upstream (exploration/production)
Major integrated and national oil and gas companies
Mining
Midstream (pipelines/terminals/liquefied natural gas)
Contractors (drilling/service)
Downstream (refining/petrochemical)
Aon in Africa
Aon owned office
Aon in Africa
33 Correspondent Offices:
1. Angola
2. Botswana
3. Kenya
4. Lesotho
5. Malawi
6. Mauritius
7. Morocco
8. Mozambique
9. Namibia
10.South Africa
11.Swaziland
12.Tanzania
13.Tunisia
14.Uganda
15.Zambia
16.Zimbabwe
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
Algeria
Benin
Burkina Faso
Burundi
Cameroon
Central African Republic
Chad
Congo, Democratic Republic
of
Congo, Republic of
Egypt
Equatorial Guinea
Eritrea
Ethiopia
Gabon
Ghana
Guinea Bissau
17.Ivory Coast
18.Liberia
19.Libya
20.Madagascar
21.Mali
22.Mauritania
23.Mauritius
24.Niger
25.Nigeria
26.Rwanda
27.Senegal
28.Seychelles
29.Sierra Leone
30.Somalia
31.South Sudan
32.Togo
33.W Sahara
Industry Update
Global risk in the energy sector is increasing and becoming ever more complex.
Environmental risk
Economic slowdown
Business interruption
Physical damage
10
Topics
Who arranges insurance for oil and gas projects, why and how?
Understanding the risks and extent of insurance coverage intended
The culture and drivers of the insurance community
Casualty
Insurers
Upstream
Insurers
Consultants
Energy
Company
Lawyers
Captive
Insurer
Brokers
Loss
Adjusters
OIL
(Industry
Mutual)
Midstream
Insurers
Downstream
Insurers
Expert Support
Expert support required throughout the lifecycle of Oil and Gas
projects:
Development Phase
Assistance in negotiations with lenders and joint venture partners
Detailed understanding of finance agreements and covenants
Insurability advice and benchmarked cost estimates
Non-Marine
Aviation
Motor
Companies
What is insured ?
Interest
Physical Damage Owned property
Loss of Hire (Mobile Rigs)
Contractors Equipment
OEE - Control of Well, Redrilling, S&P
E&P
On / Off
Delay in Start-up
CAR
Operating
*Installation
Hurricane
Onshore Blowout
Offshore Blowout
Deepwater Horizon
Pipeline explosion
Summary
Who arranges insurance for oil and gas projects, why and how?
Understanding the risks and extent of insurance coverage intended
The culture and drivers of the insurance community
2. What mistakes people make arranging insurance & how to avoid them?
3. With so many insurance carriers, how to distinguish between them?
4. What sort of risks cant be insured & how can companies respond?
o pa ies
contracting
Contractual obligation
7. What are the most common pitfalls and what are the
ways to avoid them?
Under or Over insurance
adjusters
Anne Mkala