Specialist insurance services for global projects

Onshore oil and gas construction

The worldwide challenges of energy production require a truly global response. Allianz Global Corporate & Specialty*, as a leading insurer of the most complex engineering and energy risks, offers specialist services to meet the needs of oil and gas projects under construction around the world.

The AGCS Service

We offer our clients tailor-made solutions to meet the needs of the oil & gas industry, backed up by one of the largest capacities of any insurer – this way we can lead the largest construction risks.

AGCS provides a financial security for unforeseen physical damage or loss. We offer our clients comprehensive coverage from ground-breaking till hand-over and start of production. After hand-over we offer coverage for maintenance activities under contractual maintenance provisions.

Alongside our services to the operational and upstream energy industry (managed via AGCS’s Global Energy team), we specialize in the insurance of midstream and downstream oil and gas construction projects such as: • Oil and gas separation units • Tank farms and underground gas storage • Pipelines including pumping- and compressor

stations • Refineries • Petrochemical plants e.g. steam cracker,

polyethylene-, propylene-, benzene-, xylene-, methane plants

• Liquefied natural gas plants and terminals • Chemical fertilizer plants • Chemical plants • Pharmaceutical plants • Bioethanol- and biodiesel plants

Coverage Options

As no two projects are the same we provide a range of options for each case. Coverage is designed through close dialogue with the client and broker to ensure the optimal fit with the client’s risk management strategy:

• Erection All Risks (EAR) insurance during erection and testing/commissioning phase, lowering the risk of financial loss due to a physical damage on site.

Further options are: • Maintenance phase (Visits- and Extended

Maintenance) in order to extend coverage for contractual maintenance provisions after handover to the principal

• Third Party Liability (TPL), will indemnify the parties insured when becoming legal liable due to damages in direct connection with onsite activities

• Principal’s Delay in Start-Up (DSU)/Advance Loss of Profit (ALoP), minimizing principal’s risk for delayed start of operation following a physical damage or loss during construction period

www.agcs.allianz.com

July 2011

Factsheet

Our clients include: • Linde

• Mitsubishi Corporation

• Petrobras

• Samsung

• Woodside

International reach for global projects

In 2010 we insured complex projects in all 5 continents. Our network of Allianz offices in over 70 countries plus selected partners in other locations means we can service projects in more than 150 countries worldwide – giving us perhaps the strongest own office network of any insurer and delivering AGCS expertise where clients need it.

Expertise & Security We have a dedicated team of experts with extensive know-how in the oil & gas industry to service clients in any region worldwide.

At Allianz Global Corporate and Specialty we believe in an integrated approach and close collaboration of our underwriting, claims and risk consulting teams. This way we are able to lead the largest and most challenging projects.

Our Allianz Risk Consultants work with clients to identify potential hazards on site for the benefit of all parties involved.

Allianz Global Corporate & Specialty’s main operating companies hold some of the highest ratings in the industry: “AA” (Very Strong) Financial Strength Rating from Standard & Poor’s (S&P) and an A+ rating from AM Best, both with a “stable“ outlook.

Our clients

We insure all parties directly involved in the construction of the project such as: • principals • engineering-, procurement- and construction

contractors • subcontractors • licensors • project management consultants • vendors • manufacturers • suppliers • financiers

Copyright © 2011 Allianz Global Corporate & Specialty AG. All rights reserved.

The material contained in this publication is designed to provide general information only. Please be aware that information relating to policy coverage, terms and conditions is provided for guidance purposes only and is not exhaustive and does not form an offer of coverage. Terms and conditions of policies vary between insurers and jurisdictions. Whilst every effort has been made to ensure that the information provided is accurate, this information is provided without any representation or warranty of any kind about its accuracy and Allianz Global Corporate & Specialty cannot be held responsible for any mistakes or omissions.

EN-OilGas-en

Contact:

Thomas RiessOil & Gas Engineering Allianz Global Corporate & Specialty

Tel: +49.89.3800-4378

thomas.riess@allianz.com

AGCS at a glance

With a worldwide network in over 150 countries, we are one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.

We offer our clients dedicated expertise through a comprehensive service range including alternative risk transfer, financial lines, aviation, international insurance programs, captive and fronting services, liability, claims services, marine, energy, property, engineering and risk consulting.

More on: www.agcs.allianz.com

Allianz officesAGCS officesNetwork partner offices

Allianz officesAGCS officesNetwork partner offices

Selected projects

Among others we insure the following oil & gas projects in different locations worldwide:

• Liquefied Natural Gas plant, Australia• Heavy Oil Upgrader, North-East Asia • Fertilizer plant, North Africa • Refinery Expansion, Europe • Petrochemical plant, Near East • Pipeline, Europe • Steam Assisted Gravity Drainage plant,

North America