Oil & Gas
The oil & gas industry creates some of the largest risks insured. It employs a vast range of technologies often in hostile environments from the arctic to the desert, offshore in water depths of over 1,000 m, elevated plateaus and pipelines running across mountain ranges.
Potential accidents include well blowouts, fires and explosions, significant machinery failures and contingent losses. Charles Taylor technical (CTt) is regularly involved in risk assessments of the oil and gas industry on behalf of brokers, underwriters and insureds. Standard proformas are used to ensure that all relevant areas are investigated.
Surveys in more than 50 countries have included all widely used technologies:
- Oil production (offshore and onshore)
- Pipelines
- Refineries
- Gas Processing
- LNG Terminals & Distribution
