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Energy

Energy – Major Accomplishment

  • Broker for the Prestigious Oil and Natural Gas Corporation’s
  • (ONGC) Offshore Package Policy covering their Assets worth
  • USD 34 Billion for a record period of Eight years.
  • Broker for first of its kind Integrated Onshore / Offshore Policy of
  • Reliance Industries Limited (RIL) covering their Refineries and
  • Marine Operations. This is the largest Integrated Policy out of
  • the country.
  • Prior to Integration, broker for the Onshore Package policy of
  • Reliance Industries Limited (RIL) for a period of 12 years.
  • Handled Reliance Industries Limited’s (RIL) largest Offshore
  • Construction Project in the KG D6 field at project value of
  • approx USD 6 Bn in 2006 – 2008.
  • Handled India’s first of its kind construction of Jack up Rigs for
  • ABG and Bharati Shipyards with the cumulative value of rigs in
  • excess of USD 900 Mn
  • Broker for One of the largest SBM Operational policies of Bharath
  • Petroleum Corporation Limited (BPCL) for last 11 years.

Energy Risk Handled

Property Damage All risk
Control of Well
Construction All Risk WELCAR
Business Interruption
Third Party Pollution
Liabilities
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Marine

Marine Cargo handled

Crude Oil
Petroleum Products
Chemicals
Bulk Fertilisers
Project Cargo
Delay in Start up
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Experience of handling Large Projects:
The Company has been involved in several large projects including Power Plants and Refineries. Since, the approach to Risk Management, Claims Management and other processes remain the same, we are listing below a few of the large Power Plants wherein the Company was involved:

Major Refinery Projects Handled

  • Indian Oil Corporation Limited’s 15 MMTPA greenfield refinery set up at Paradeep in the state of Orissa during the Construction Stage.
  • Nagarjuna Oil Corporation Limited in respect of the 5.90 MMTPA second-hand refinery re-located from Germany at Cuddalore in the state of Tamil Nadu.
  • East-West gas pipeline covering a distance of 1385 km undertaken by Reliance Gas Transportation Infrastructure Limited.
  • Early production facility of a capacity 50 MBOPD for Safwan Petroleum Technologies, Kuwait.

Marine Claims

  • Experience of handling claims with values in excess of INR 100 crores cumulatively across last 5 years.
  • Individual claim values between INR 5 crores and INR 25 crores ( figures for 100%) during last 5 years.
  • Experience includes dealing with the entire gamut of oil claims viz shortages / contamination / GOT etc.
  • Establishment of contacts with contamination experts viz Minton, Treharne and Davies (MTD) for assessment, risk management / mitigation

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