Drilling insurance27 Jan 2023 08:32
Good morning all serious investors ( NOT Charlotte & “cohorts” ) :-))
Perhaps PRD have exploration insurance and are covered for any drilling delay costs?
I copied this from Liberty special markets website. Fingers crossed. Dai. ;-)))
Energy production can be a dangerous business, and our Exploration and Production insurance provides protection to owners and operators around the world against a wide range of risks for both their Offshore and Onshore operations.
We offer a broad range of energy-related products from our Company and Lloyd’s of London platforms that allow you to transfer your exploration and production risk exposures. We can help protect you against the risks of physical loss or physical damage to your property, resultant business interruption, control of well and re-drilling expenses, and third party liabilities.
Product information:
Our Exploration and Production insurance features include:
Target risks:
Owner/Operators involved in identification, extraction, processing and the production of hydrocarbons (Oil and Gas)
Offshore Construction: Offering coverage for Owner managed projects for the fabrication, load-out, transits, installation and hook-up of fixed/floating units, subsea equipment and associated pipelines and platform modifications
Owners Yard Construction: Offering coverage of owners’ yard risks including the fabrication of semi-submersible drilling units, jack ups, drill ships and FPSOs