PowerPoint Presentation

Latest Trends in Oil & Gas ClaimsAndrew Kadin, MarshMichael Nelson, Lloyd WarwickJohn Griffin, Envista ForensicsTim Christ, LeadFire Forensics

#IRMI2017

#IRMI2017

#IRMI2017

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#IRMI2017

UpstreamSaltwater Tanks & Lightning ClaimsAdditional Case StudiesPlug & Abandonment issuesMidstreamDownstreamInsurance ChangesCase Law UpdatesOn the HorizonLatest Trends

#IRMI2017

#IRMI2017

Upstream Energy Losses 2000 - 2016

#IRMI2017

Total of known losses (excess of USD 1m) USD 1,800,000,000

Approx. 22 known Losses reported to be in excess of USD 10m

Largest loss USD 1,100,000,000 FPSO Turret - Ghana

Known losses in excess of 10m represented USD 1,600,000,000 of the total reported

Known losses under 10m but in excess of 1m represented the reaming USD 150,000,000

Upstream Energy Losses - 2016

#IRMI2017

No. of losses by location2015LocationNo.North America15Asia6Africa5South America3Oceania2Europe1Total32

2016 LocationNo.Asia9North America6Africa5South America1Oceania1Total22

2015 LocationValue (USD)North America 1,641,532,360 Asia 194,610,000 Africa 131,755,794 South America 602,500,000 Oceania 50,000,000 Europe 10,000,000 Total 2,630,398,154

2016 LocationValue (USD)Africa 1,156,000,000 Asia 259,240,465 North America 90,610,000 South America 10,300,000 Oceania 10,000,000 Total 1,526,150,465

Value of losses by locationUpstream Energy Losses in excess of USD 10M 2015 2016 Comparisons

#IRMI2017

#IRMI2017

Between 2015 and 2016: 5 Losses (10m