Understanding the Oil and Gas Industry and Its Risks

Overview

Designing an effective insurance program requires understanding the industry and its terminology. This course offers an overview of the oil and gas industry, focusing on operational aspects and risk management. It covers the entire process from petroleum origin to refining, identifying key hazards and risks at each stage.

Find this course for your license

License or Certification

Regulator

Objectives

Identify the elements that make up the anatomy of a well and the techniques used to drill a well
Identify the well drilling characteristics and techniques that are designed to maintain control over a well and prevent or control blowouts
Recognize the structure of a typical well control policy and the coverages, limitations, exclusions, and key issues associated with control of well, extra expense and seepage, pollution, and contamination coverage
Recognize the coverage added by the adoption of optional coverages or endorsements

Designed For:

Property and casualty insurance agents, risk, safety, and finance professionals

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Advanced Preparation:

None

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