Name of Work:- Insurance Coverage For E&P Blocks Of Iuvl.
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Item Description
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Insurance coverage for E&P Blocks of IUVL.
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Section I A: Operator’s Extra Expenses as follow (For both the Wells Jyoti-1 & Jyoti-2): (i) Control of well (ii) Re-drilling/Extra Expense (iii) Seepage & Pollution, Clean-up & Contamination(Insured Sum is Twice the average cost of Wells Jyoti-1 & Jyoti-2)
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Section I B : Operator’s Extra Expenses as follow (For all other Wells for P&A including Jyoti-3, Jyoti-5, Jyoti-6, Jyoti-8, Jyoti-10 & Dharti-1): (i) Control of well (ii) Seepage & Pollution, Clean-up & Contamination
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Section I C: Suspended well- Jyoti-4(i) Control of well (ii) Re-drilling/Extra Expense (iii) Seepage & Pollution, Clean-up & Contamination
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Section II : Insured’s Third Party Legal & Contractual Liabilities arising out of Work
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Section III : All Risk of Physical Loss or Physical Damage to property/equipment owned by the Insured and/or in the care/custody/control of the Insured, including all transit to/from any/all locations by whatsoever means
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Product Insurance – Crude oil stored in Storage Tanks and linefills Please Enable Macros to View BoQ information
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