Oil and Gas Insurance

This policy provides cover for onshore risk including refineries, petrochemical plants, depots, tank farms to the offshore risk comprising multinational and independent lease operators who work along with oil service companies involved in Engineering & Construction services, seismic operations, drilling rig activities and all manner of well delivery services.


  • Installation against oil risks
  • Construction risk, not renewable
  • Operational risk covers all the activities i.e. Energy package – (Physical damages, onshore and offshore
  • Operators Extra Expenses (OEE) (Control of wells)
  • Cost of control of well, cost of re-drilling, cost of cleaning.)
  • General 3rd party liability.

Properties covered under this policy would include the following:

  • Oil Rigs and Platforms
  • Pipelines
  • Flow Stations
  • Gas Terminals
  • Farm Tanks
  • Operators Extra Expenses
  • Cost of Controlling Well Fire
  • Cost of Re-drilling
  • Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
  • Cryogenic Vessels Hull

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Guinea Insurance has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.


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