Operator’s Extra Expense
The Operator’s Extra Expense (OEE) program provides domestic and multinational exploration and production companies the opportunity to reduce the cost of their risk. Coverage addresses the logistics and financial responses to a well blow out before it happens and the insurance that covers the blow out. This program will cover the costs of bringing a well under control following a blowout. Including expenses resulting from seepage and pollution containment, as well as associated clean-up costs, and the expenditure involved in re-drilling the well to its original depth. Coverage can be provided onshore and offshore, with limits from $2 million to $300 million.