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Energy package insurance
Oil Operation Insurance is the combination of those risks insurance that are related to oil operations: Property Insurance, money contingencies insurance related to the loss of control of borehole, Third Party Liability Insurance for causing harm to life, health or property of third parties and environment, compulsory Employer’s Liability Insurance for causing harm to employee under execution his labor duties.
Insurance covers:
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Buildings and premises, transmissive devises;
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Pipeline (oil and gas);
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Hull and mechanisms of drilling structures;
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Specialized devices and equipment for geological prospecting and exploration;
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Spare parts, aggregates and other materials for maintenance and servicing oil and gas wells;
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Mud or reservoir fluids;
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Finished goods kept in special depository and transported to oil and gas pipelines;
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Objects of uncompleted production and complete constructions;
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Other oil property and equipment;
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Additional expenses of the Insured connected to loss of control of well, repeated drilling and restoration of wells insured or any of its plot; debris removal, dismantling, demolition, fasten of destructed (damaged) property.
Insurance rates shall be stated individually considering the activity specialization and regional conditions. |