ENERGY INSURANCE

Ateshgah provide the best available insurance protection both for onshore and offshore interests, and have extended this service to all oil and gas companies operating in Azerbaijan.

By any scale, the risks and potential liabilities to be insured for the oil and gas industry are large. To accomplish this Ateshgah have secured access to an immense insurance capacity to cater for the protection of the very largest risks, as they maintain a close relationship with the world's leading reinsurance companies from such countries as America, Britain, Germany, Switzerland, France, Bermuda and many more.

Further assistance for this most technical of insurances is provided by overseas consultants with over twenty years experience in the insurance of such oil and gas projects worldwide. Thus Ateshgah continue to fulfil its objective of providing a highly professional and international standard of service.

Onshore and offshore energy related risks that may be insured include:

• Operator’s extra expense coverage for exploration, producing, shut-in and plugged & abandoned wells including control of well, redrill, seepage and pollution and additional coverages such as evacuation expenses and underground control of well amongst others.
• Construction of offshore platforms, production and refining equipment
• Production and refining equipment
• Operating risks
• Storage risks
• Transportation and transmission risks
• Business interruption and advanced loss of profit
• Liabilities including seepage and pollution, clean-up and contamination risks