Oil operations

NSK JSC has historically extensive experience in the field of risk insurance for oil and gas producing companies. The company has the ability to transfer risks to international reliable reinsurance organizations.

NSK JSC provides risk insurance services for oil producing companies in accordance with the requirements, presented by the Ministry of Energy of the Republic of Kazakhstan to subsoil users.

Risks

Comprehensive oil operations insurance compensates for possible losses when a well goes out of control and has the means to regain control of the well, and also to cover:

• costs to restore control over the well;
• costs of extinguishing a fire at a well;
• losses from re-drilling a well to the same depth, that was before the blowout, which can cost twice as much as the initial drilling;
• costs of cleaning up the release area and the consequences of the release. In this case, the operators/owners of the well are strictly liable for environmental pollution.

All insurance programs are developed by specialists of NSK JSC individually for each corporate client.At the same time, it is possible to attract international brokers and international reinsurers with high reliability ratings.

The greatest damage, that can be caused during the operation of oil and gas wells, is associated with processes going out of control at the well and release to the surface unplanned flow of drilling fluid, oil, gas or water.

Extended risks, related to the operating activities of an oil company, can also be additionally insured, such as: loss of control under land, expensesto prevent loss of control over the well, expenses for extended re-drilling or well restoration, expenses for evacuation , etc. d.

Advantages

• High level of reliability insurance protection, confirmed by the highest Kazakhstani and international ratings.
• Unique experience and knowledge of the specifics of insurance in the oil industry.
• Wide branch network.
• Development of special comprehensive programs insurance and application of a special tariff policy.
• Availability of reinsurance in rating companies.
• Many years of experience insurance in the energy industry and cooperation with major oil companies.

Our specialists will prepare an individual insurance program, taking into account your budget, tasks and business specifics.