Energy Insurance

Expertly designed for oil and gas operations with diverse risk coverage, including property damage and machinery breakdown.

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Sukoon Energy Insurance provides tailored protection for businesses across the energy sector, from upstream exploration to downstream processing and power generation. Our plans safeguard operations, assets, and personnel against the unique risks in oil, gas, petrochemical, and power industries. Upstream coverage includes exploration, production platforms, mobile drilling units, floating storage units, and construction activities. Midstream protects terminals, tank farms, pipelines, LNG facilities, and oil/gas separation plants. Downstream and power generation sectors are also covered, including refineries, petrochemical and chemical plants, gas and fertilizer facilities, and operational power plants using conventional or sustainable fuels. We offer a customizable solution addressing operational, property, and liability risks across the entire energy industry.

ENERGY SECTORS WE COVER

  • Gas Processing Plants
  • Oil, Gas, and National Energy Companies
  • Onshore and Offshore Construction and Property
  • Onshore and Offshore Drillers and Drilling Rigs
  • Petrochemical/ Chemical Manufacturers
  • Pipelines
  • Refineries
  • Tank Farms

Risks We Cover

  • Upstream

    Upstream risks are either onshore or offshore. The following are items insured under the scope of Upstream:

    • Exploration, development and production assets and activities, offshore and onshore
    • Production platforms
    • Mobile offshore drilling units
    • Floating production storage and offloading units
    • Construction activities
  • Midstream

    The midstream operations often include some elements of the upstream and downstream sectors. The midstream sector insures the following:

    • Terminals and tank farms
    • Liquefied Natural Gas (LNG)
    • Oil/ gas separation plants
    • Pipelines
  • Downstream

    The downstream sector commonly refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas. It also involves the marketing and distribution of products derived from crude oil and natural gas. This is what is insured under downstream:

    • Refineries
    • Petrochemicals and chemical plants
    • Gas plants
    • Fertiliser plants
  • Power

    This refers to the generation of power from all types of fuel and sustainable methods and mainly operational power generation with proven technologies under thermal (coal, gas, and oil).

product resources

For more information, please refer to the product resources listed here.

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