Offshore Energy Construction and Operation Insurance

PREFACE

In view of the growing needs for insurance in the Oil & Gas Exploration and Production (E&P) 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 & 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.

 Brickred Consult Limited 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 & 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 & 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.

TRAINING OBJECTIVES

  • 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, Umbilicals, 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

This is a certificate course designed for 

  • Oil & Gas Companies
  • Reinsurers
  • Insurers & Brokers
  • Loss Adjusters &
  • Lawyers
Next Start Date: March 2020.
Duration: 3 Days
Course Fee: $3,500/participant
Seating Capacity:
Venue: Four Points by Sheraton Hotel, Downtown, Dubai
City: Downtown, Dubai
Upcoming Dates: To be announced.

 

Registration Form

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General Terms & Conditions

  1. Brickred Consult Trainings begin promptly at 9:00 a.m and ends at 5:00 p.m; although could extend beyond 5:00 p.m. on some days.
  2. We provide everything you will need for the training – a manual, supplies for note-taking and some snacks. We do not encourage you bringing your laptop computer. Please switch your mobile phone to silent and do not talk on the phone to avoid distracting others in the training.
  3. The training cost includes accommodation, visa fee, lunch and other entertainments during break periods.
  4. Payment needs to be made within 7 days after registration. We do not guarantee a space for payments received less than 7 days to the training day.  Kindly forward proof of payment with registration form to info@brickredconsult.com. You can contact us for any further clarification – 08034030036, 08091126633, 08036443183.
  5. There will be no cancellation after registration is confirmed. If a participant registers for a training and fails to attend, no refund can be claimed. Participants can however ask for replacement of another person or use the amount paid to offset the cost of attending a future training.

We will be happy to provide you with further clarification if you send your request for further information to: info@brickredconsult.com or Call –

  • Mary Odemikhe (08036443183)
  • Mr. Emeka Afamefuna (08033027174)

Lagos
34/36 Association Ave, Obanikoro, Ilupeju, Lagos State, Nigeria.

Abuja
34/36 Association Ave, Obanikoro, Ilupeju, Lagos State, Nigeria.

Port Harcourt
34/36 Association Ave, Obanikoro, Ilupeju, Lagos State, Nigeria.

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