Oil Exploration Insurance

Oil Exploration Insurance

Risk solutions addressing geopolitical, environmental, and operational challenges in high-risk exploration activities.

Overview

India's oil exploration sector is expanding amid energy security goals and offshore discoveries, but companies face intensifying risks from rig failures, spills, price fluctuations and stringent environmental norms. Upstream operations grapple with subsurface uncertainties, equipment breakdowns and supply chain vulnerabilities, while regulatory pressures from bodies like DGH and MoPNG add compliance burdens. Natural disasters, worker safety issues and liability from pollution incidents further threaten financial stability.

Edme Edge

  • Large & Complex Risk Expertise
  • Political Risk Coverage for Sensitive Geographies
  • Environmental Liability Specialists
  • 40 Years of Combined Expertise

FAQs

  • Operational & Equipment Failures: Rig breakdowns, blowouts and drilling mishaps leading to downtime
  • Environmental Spills & Liability: Oil leaks causing cleanup costs and third-party claims
  • Price Volatility & Market Risks: Fluctuations in crude prices impacting project viability
  • Geopolitical & Regulatory Risks: Policy changes, sanctions and exploration permit delays
  • Worker Safety in Remote Sites: Accidents in harsh offshore/onshore environments

  • Energy All Risk Insurance: Covers physical damage to rigs, wells and equipment
  • Pollution Liability Insurance: Protects against cleanup and third-party environmental claims
  • Business Interruption Insurance: Safeguards revenue losses from operational halts
  • Workers’ Compensation & Employers’ Liability: Financial support for offshore/onshore injuries

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

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Disclosure

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at care@edmeinsurance.com.