Organized investigation expedites insurance claims following a blowout
Description
Various types of insurance policies cover blowouts to different degrees, and a proper understanding of the incident and the coverage can expedite the adjustment process. Every well control incident, and the claim arising therefrom, has a unique set of circumstances which must be analyzed thoroughly. A blowout incident, no matter what size or how severe, can have an emotional impact on all who become involved. Bodily injuries or death of friends and coworkers can result in additional stress following a blowout. Thus, it is important that all parties involved remain mindful of sensitive matters when investigating a blowout. This paper reviews the definition of a blowout based on insurance procedures and claims. It reviews blowout expenses and contractor cost and accepted well control policies. Finally, it reviews the investigation procedures normally followed by an agent and the types of information requested from the operator
Additional details
Publishing Information
- Journal Title
- Oil and Gas Journal
- Journal Volume
- 94
- Journal Issue
- 4
- Journal Page Range
- p. 46-48.
- ISSN
- 0030-1388
- CODEN
- OIGJAV
INIS
- Country of Publication
- United States
- Country of Input or Organization
- United States
- INIS RN
- 27037618
- Subject category
- S02: PETROLEUM; S03: NATURAL GAS;
- Descriptors DEI
- ACCIDENT INSURANCE; BLOWOUTS; FINANCIAL SECURITY; INFORMATION NEEDS; NATURAL GAS WELLS; OIL WELLS; VICTIMS COMPENSATION
- Descriptors DEC
- ACCIDENTS; INSURANCE; WELLS