Oil, Gas and Petrochemical Loss Adjusting

Oil, gas and petrochemical claims are among the most complex and sensitive categories of insurance claims. They involve high-value assets, hazardous operations, multiple stakeholders and interconnected technical, environmental, operational and financial issues. A loss may affect drilling equipment, pipelines, processing units, refineries, storage tanks or supporting facilities, and may extend to production interruption or emergency containment costs.

River City Technical Consultants, through its strategic alliance with Integra Technical Services, provides independent technical support for adjusting these claims in regional markets, with understanding of the needs of insurers, reinsurers and international brokers.

Service Scope

• Exploration and drilling operation losses.
• Pipeline and transmission facility damage.
• Refineries and processing units.
• Petrochemical plants and related manufacturing operations.
• Storage tanks, loading and unloading facilities.
• Mechanical, electrical and control system damage.
• Production interruption and business interruption elements linked to the incident.

Technical Challenges

Losses in this sector may arise from fire, explosion, leakage, mechanical failure, operator error, corrosion, maintenance incidents or failure of a safety or control system. The cause of loss must be analyzed carefully to determine whether the damage resulted from a sudden insured event or from excluded factors such as gradual corrosion, wear or inadequate maintenance.

Damage and Cost Evaluation

The evaluation process includes review of damage extent, repairability, replacement cost, lead time, clean-up and containment works, safety-related costs and the impact of the incident on other units within the facility. Contractor and supplier quotations are reviewed to confirm that claimed works are necessary and directly connected to the loss.

Business Interruption and Operational Chains

In oil and gas facilities, failure of one component can interrupt an entire operational chain. We review production capacity before and after the incident, the reasonable interruption period, available operational alternatives and the impact on revenue or contractual obligations.

This service combines independent technical analysis with practical understanding of insurance and reinsurance requirements, helping stakeholders manage oil, gas and petrochemical claims in a precise, documented and defensible manner.