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Three-Day Offshore Energy Construction and Operation Insurance Workshop

By: Brickred Consult Limited

United Arab Emirates

10 - 13 Sep, 2019  4 days

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USD 3,500

Venue: Four Points by Sheraton Hotel, Downtown of Dubai, UAE

In view of the growing needs for insurance in the Oil and Gas Exploration and Production (EandP) companies in OPEC countries and in other Oil producing countries in Africa, and the United Arab Emirate, it has become necessary to expose the key Staff/Directors of Oil and Gas companies on the scope of Insurance requirements and various processes involved in securing the assets of the Oil companies via an international insurance workshop. This time around our company, Brickred Consult Limited, a Leading Oil and Gas Insurance Consultant in Nigeria is collaborating with the leading upstream insurance/reinsurance technocrat in Europe, Mr. David Sharp, ACII and his colleagues at Lloyds, London to facilitate a three-day offshore energy construction and operation insurance workshop in Dubai.

The workshop is planned to expose the participants on the contemporary processes involved in managing various risks involved in the Oil and Gas Value Chain particularly the insurance placement and policies required in both the construction and operation stages of their operation. It is expected that the Oil and Gas Companies in Nigeria, South Africa, United Arab Emirate and those from other Oil producing countries in Africa and UAE would take advantage of the planned workshop to arm their operatives on how to relate effectively with Rig Contractors, Insurance Brokers, Insurance Companies and Reinsurers on various stages of their operation.

Hotel rooms have been reserved for the participants at discounted rates, and the training rooms with international facilities provided. The 21-lecture series provided in 7 modules together with the case studies have been put in a CD for the participants’ future use. Basic hard copies of some of the lectures are prepared and packaged in the workshop bags for each of the participants.

Workshop Designed For

  • Oil and Gas Companies
  • Reinsurers
  • Insurers and Brokers
  • Loss Adjusters and
  • Lawyers

Training Objectives

The proposed Three-Day Workshop is aimed at updating the participants on:

  • Oil and Gas value chain, offshore oil drilling and insurance coverage
  • Underwriting issues in energy business and incorporating introductory overview
  • Dynamic processing stimulation of FPSO—functions and components
  • Construction insurance module 1, main phases of the construction
  • Offshore construction (module 2) coverage issues—scope of the policy
  • Management of Subsea, Umbilical’s, Risers and Flowlines (SURF) projects in offshore operations
  • Offshore construction — module 3 - introduction to WELCAR Policy
  • Offshore construction module 4 — Control of Well, an overview of the EED policy form — drilling hazards, control of wells (definition, causes and rectification)
  • Other risks associated with offshore energy industry and their management (political, market, transportation, legal and operation risks and risks associated with SURF)
  • Operational insurance — transportation risks including LNG, Pipelines, Tankers (Hull and Liabilities)
  • The model operating package for E and P business
  • Operating insurance summary (operating insurance 1- principal considerations, operation insurance 2 — physical damage wordings, operation insurance 3 — FPSO and Contractors' vessels)
  • Business interruption and liabilities
  • Strategies for developing insurance capacity for Africa and other developing countries
Four Points by Sheraton Hotel, Downtown of Dubai, UAE Sep 10 - 13 Sep, 2019

Class Session: 09:00:am - 18:00:pm

USD 3,500.00
(Convert Currency)

Dr Dan Okehi 08034030036

David Sharp (London, UK)Dr Dan Okehi