Price Forbes & Partners’ energy team provides a full spectrum of services required by companies operating within the upstream energy sector, from initial exploration, through development and construction phases, to full production, including distribution and storage.
Package policies or monoline placements are arranged to provide protection against major risks, such as:
- Construction of all upstream facilities including major offshore developments & related onshore facilities
- Financial risks, for example business interruption & contingent business interruption. Loss of production, advance loss of profits, delay in start up & loss of hire
- Machinery & electrical breakdown
- Oilfield services, land rigs and associated equipment & liabilities
- Physical loss or damage in respect of all upstream assets, including offshore oil & gas platforms; mobile offshore drilling units, such as semi submersibles; jack up and drillships; contractor owned floating units, such as FPSOs; on and offshore pipelines; cables & umbilicals; subsea & floating production systems; onshore plants & property, jetties & terminals
- Pipelaying, associated service vessels, seismic vessels and equipment, as well as onshore seismic crews
- Political violence, including terrorism
- Specialist construction units
- Third party & contractual liability in respect of all phases associated with the exploration & production cycle, including protection and indemnity; employers’ liability / maritime employers’ liability and pollution coverages
- Well, seepage & pollution, redrilling expenses control & related additional coverages for all wells. Including oil, gas, water & gas injection and geothermal: whether during the course of exploration, development or appraisal, whilst being drilled, worked over, partial completion, in production, shut in, or abandoned