Oil and Energy Insurance

OIL & ENERGY INSURANCE

Providing the best insurance policy to customers

The Nigerian oil industry is broadly divided into two main sectors: the upstream sector, which includes oil exploration and production companies, and the downstream sector, comprising petroleum product marketing and refining companies. The upstream sector’s operations are further categorized into onshore activities (covering land and swamp areas) and offshore activities (conducted at sea). Key activities in the Nigerian oil industry encompass: Exploration Drilling Production Transportation (including offshore tanker loading and road haulage) Oil and gas processing Refining Marketing of crude oil and refined products

We work closely with reputable underwriters, both locally and internationally, to offer technical, compliant, and competitively priced coverage. Our solutions are designed not just to protect assets but to ensure operational continuity, support regulatory compliance, and enhance investor confidence.

Oil Risk
Energy Risk

All Risks Coverage: Physical loss or damage to assets, including rigs, pipelines, and storage facilities
Well Control Insurance: Covers the cost of controlling blowouts or uncontrolled well events
Third-Party Liability: Includes pollution, seepage, and refueling liabilities (marine, charterers, aircraft)
Marine Insurance: Protection

Control of Well / Blowout Insurance – Covers the cost to regain control of a well and clean-up operations
Property Damage & Equipment Loss – Protects offshore/onshore rigs, refineries, pipelines, and terminals
Business Interruption Insurance – Compensates for income loss due to insured events halting operations
Environmental Liability & Pollution – Includes cleanup, third-party claims, and regulatory fines.

BENEFITS

Financial Protection: Oil and gas insurance protects against financial losses due to accidents, damage, or other unforeseen events.
Risk Mitigation: Oil and gas insurance helps mitigate risks associated with exploration, production, and transportation, reducing the likelihood of costly delays or disputes.
Peace of Mind: Oil and gas insurance provides policyholders with peace of mind, knowing they’re protected against potential losses and can focus on their operations.