At NRGI Broker, we offer insurance to cover the expenses incurred in well control incidents.
WELL CONTROL INSURANCE
Extraordinary Operator Expenses
Well control insurance is the assurance we provide to oil and gas companies to maintain the necessary operability in the industry.
With over 30 years of experience, we specialize in providing the protection a company needs when a well control incident occurs, including the costs of well control and expenses to restore or re-drill an insured well.
We create comprehensive and personalized plans for oil and gas companies facing this type of risk during the exploration, drilling, and extraction processes.
Our experience and expertise enable us to offer the protection our clients require. We work with an awareness of the potential catastrophic exposures associated with a well out of control.
The operator’s extraordinary expense insurance, also known as well control insurance, is essential coverage for oil companies or businesses with exploration and production exposure.
In Mexico, it is mandatory insurance, as established in the Administrative Provisions on Insurance for Exploration and Extraction Activities issued by the Agency for Safety, Energy, and Environment (ASEA).
Well control insurance is offered under various policy names, including:
• Extraordinary Operator Expenses
• Energy Exploration
• Control Cost and Development Insurance
OFFSHORE OPERATIONS
It provides offshore oil and gas companies with the protection they need when a well control incident occurs, including the expenses to control the well and the costs to restore or re-drill.
ONSHORE OPERATIONS
It provides onshore oil and gas companies with the protection they need when a well control incident occurs, including the expenses to control the well and the costs to restore or re-drill an insured well.