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Energy: Oil & Gas

As oil and gas operations continue to expand, it is critical to properly understand and evaluate the potential environmental risks.

Identify

Evaluate evolving and emerging risks through the lens of industry.

Understand

Carefully assess risk to your organization and determine risk appetite on the balance sheet.

Address

Strategically transfer cleanup liabilities, 3rd party claims, financial loss, and legal expenses into the insurance marketplace.

The oil and gas industry entails a significant portion of energy output throughout the United States. As such, the complex and hazardous nature of oil and gas operations present environmental risks that can be catastrophic to an oil and gas company. An environmental incident that is triggered by a spill can not only severely impact financial outcomes, but also adversely affect the surrounding population. Marsh can help your business to properly identify and mitigate environmental risk, develop specialized risk transfer solutions to protect your company’s assets and balance sheet, and maximize your return on investment.

As oil and gas operations continue to robustly expand from both a domestic and foreign perspective, it is critical to properly understand and evaluate the potential environmental risks associated with such exposures. Whether operations pertain to an operator of wells, maintenance/operation of a pipeline, or maintenance/operation of a refinery and bulk storage terminal facility, Marsh’s environmental practice can craft comprehensive and extensive solutions that properly mitigate environmental risks. 

Successful oil and gas companies are constantly evaluating their business operations to understand environmental risk management vehicles available to minimize potential losses and maximize operational revenue.  Careful analysis of upstream, midstream, and downstream operations is essential to design and deploy a tailored risk transfer program to address the unique exposures, such as:

  • Pollution incidents emanating from a blowout associated with a well site or rupture in a gathering line connecting to a tank battery at a well site
  • A pinhole leak in a crude pipeline that resulted in a gradual release of oil overtime into a neighboring property containing livestock
  • Pollution incidents resulting in an explosion at a refinery that led to large quantities of refined product and processed water seeping into a nearby river

Marsh’s Environmental Practice evaluates the spectrum of risks associated with an oil and gas company’s operations, advises on a range of possible solutions to mitigate their risks, and delivers highly specialized risk transfer solutions that facilitate optimal business operations.

Why Marsh

As an industry leader in providing environmental placement and claims solutions, our team handles more than 500 claims annually and has advocated on more than 2,500 claims in the past five years. Among our 40 dedicated environmental colleagues, nearly half have received Risk & Insurance’s Power Broker award, a designation given to risk management professionals based on demonstrated excellence in solving insurance-related issues, per client testimonial.

Our people

Matthew Lee

Matthew Lee

Vice President, Environmental Practice

  • United States

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