Petroleum Development Operational Risks

Insurance Institute of Southern Alberta

1110, 833 4 Avenue SW, Calgary, AB, T2P 3T5 [Carte]
Date and Time: juin 17, 2020 8:30am - 4:00pm MDT

CLASSROOM  |  BUILDING  |  TECHNICAL

This seminar will provide a discussion of the activities of Drilling, Completion and Production for oil and gas as well as the number of people involved in these activities.  Examples of insurance claims in this area of the industry will also be discussed.

Introduction:

  • Size of the Canadian Petroleum Industry

Drilling the Well:

  • Lease preparation and restoration requirements
  • Drilling the Well
    - Types of Drilling Rigs
    - Vertical, Directional and Horizontal Wells
  • Drilling Hazards
    - Drilling fluids control
    - Blowout Controls
  • Drilling Rig and Associated Services Personnel Training Requirements

Well Evaluation

  • Well testing considerations
  • Well logging
    - Equipment
    - Well control

Completions and Productions

  • Completion operations
  • Running Casing and Tubing
  • Perforating
  • Well stimulation
    - Acidizing Requirements
    - Hydraulic Fracturing
  • Surface Equipment
    - Wellheads
    - Primary Recovery
    - Artificial Lift

Workovers and Remedial Services

Well Abandonment and Lease Restoration

Insurance Topics Include:

  • Limitations of Liability & Indemnity Agreements  
    - Indemnity for compliance failure
    - Indemnity to a third party
  • Addtional vs Named Insured  
    - CGL and the Additional Insured endorsement
    - Understanding AI status in the US
  • Indemnity Agreement  
    - Knock for Knock - onshore implications
    - Macondo lessons learned
  • Gross vs Ordinary Negligence  
    - Contract implications under MSA or Control of Well policy 
    - Canada vs US legal position
  • Master Service Agreements   
    - Canada vs US comparison
    - US Hidden Gaps
  • Faulty Workmanship in Oil & Gas
    - Implications of Ledcor vs Northbridge
    - Direct Damage vs Indirect Damage 
    - Liquidated Damages

Case Study & Claims Examples

Presenters:

George Sutherland has over thirty years of experience in all facets of petroleum technology, project management, needs assessments and training, having worked extensively in Asia, South America, Africa and Canada. As head of the Petroleum Technology Department at the Southern Alberta Institute of Technology for eight years, he successfully managed a program with 500 full and part-time students per year. During the last thirty years he has conducted numerous workshops internationally and in Canada on all aspects of petroleum technology for participants from over 70 countries. He has designed petroleum engineering curriculums for schools in Nova Scotia, Newfoundland and Saskatchewan and carried out Petroleum Engineering Needs Assessments for Universities and Governments in Bangladesh, Bolivia, China, Colombia, Iraq,Nigeria and Pakistan.

Arnie Zippel, B.Comm, CIP : Arnie has been in the insurance industry for over 30 years. The insurance business has provided a variety of learning opportunities for him, from underwriting to managing, marketing, and product development. Currently working with Intact Insurance, and prior as Branch Manager at Travelers Canada and as Manager of Market Segmentation at AXA Pacific Insurance, Arnie lead the underwriting team's training and development in specialized classes of commercial business, including oil & gas, manufacturing, wholesale distribution, public sector and other significant Western Canadian industries and institutions.

Format:

Registration: 8:15 a.m.
Presentation: 8:30 a.m. - 4:00 p.m.
2 x 15 minute breaks
Includes Lunch, beverages and snacks

Register before May 27th to get in on our Early Bird prices:

Graduates before May 27th pay $250, after May 27th standard pricing applies $280
Members before May 27th pay $270, after May 27th standard pricing applies $300


CE Credits: AIC Course ID # 53885, 6 CE Hours General & Adjuster Please be aware that tardy arrival to or early departure from any seminar or, in the case of a webinar an incomplete session as a result of unresolvable technical difficulties, will preclude IISA from issuing a CE certificate for the seminar.
 

Registration deadline June 10, 2020

Cancellation:

Sorry, no refunds issued, with the exception of an incomplete session as a result of unresolvable technical difficulties. Substitution of another person is acceptable - please notify us of such changes so CE records can be adjusted appropriately. IISA reserves the right to cancel this seminar due to unforeseen extenuating circumstances - in such an event, all fees will be refunded.

PRICES BELOW ARE BEFORE TAX. (For on-line registrants, please ensure you are being charged the correct price as shown below)