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We Are We Are WE ARE WE ARE www.oil.bm BECOME PART OF OUR WE ARE OIL SUCCESS STORY Oil Insurance Limited (OIL) was established in 1972 in response to significant changes in the insurance industry. Major event losses on Lake Charles, Louisiana and off the coast of Santa Barbara, California had made it difficult, if not impossible, for energy companies to secure adequate, affordable coverage. An innovative alter- Should your company wish to become native was introduced in the form of OIL, a member and gain access to the full George Hutchings a mutually owned insurance company value of OIL’s “cornerstone” capacity, Senior Vice President, you are invited to contact us for further where the insureds are the shareholders. Chief Operating Officer information... or simply contact your broker. T. +1 (441) 278-1123 E. [email protected] Theresa Dunlop Vice President, OIL T. +1 (441) 278-1147 E. [email protected] Barry Brewer Vice President, Marketing T. +1 (441) 278-1132 E. [email protected] www.oil.bm EVOLVING WITH MEMBERS’ NEEDS “ OIL is an integral part of our insurance program. Its broad and stable coverage makes OIL a key element in building sufficient and meaningful insured limits, and typically does not restrict simply because of unfavorable market James D. Lyness events. As a member-focused mutual, Chevron OIL responds to members’ concerns Member since 2002 and makes decisions based on what is (under current name) best for the shareholder body and not on what drives profits. Also, being a member of OIL provides the opportunity to network with others who share similar insurance needs.“ “ The breadth of OIL’s product offering is tailored to meeting the specialised risks faced by companies participating in today’s energy industry. It is an Damien Gare important part of the toolbox of Group Manager Risk mechanisms available for managing risk and Insurance well. As a mutual, OIL has demonstrated Woodside Petroleum the ability to improve its product to meet Member since 2003 the changing needs of its members, as industry conditions develop. Woodside’s membership of OIL is a central part of Woodside’s overall risk program.” COLLABORATIVE, FOCUSED AND RESPONSIVE “ ...the collegial atmosphere among shareholders provides an excellent opportunity to share experiences and glean knowledge and advice from individuals who have dealt with specific Andre Levey issues and challenges before.” Group Insurance Manager Santos “ We particularly value OIL’s pragmatic Member since 2003 approach to claim resolution, including the swift response time and focusing on the core areas of dispute to resolve the claim as rapidly as possible.” “ One of the major benefits of the OIL coverage is that it is non-judgmental Roberto Benzan and indiscriminate in that it applies Manager, Corporate Risk Management Insurance, to all of our assets and is not subject Enterprise Risk, to the volatility we commonly see in Loss Control Engineering the commercial market. OIL provides Husky Energy coverage regardless of the latest Member since 1986 headlines or incidents on a global basis.” “ A swift response and pragmatic approach to claim resolution” Andre Levey Group Insurance Manager Santos Member since 2003 Roberto Benzan Manager, Corporate Risk Management Insurance, Enterprise Risk, Loss Control Engineering Husky Energy Member since 1986 AMERICAN ELECTRIC POWER CITIES SERVICE AMINOIL CLECO APACHE CMS ENERGY MEMBERSHIP HISTORY ARKEMA CONOCOPHILLIPS ASHLAND OIL CONSOLIDATED NATURAL GAS ATLANTIC PETROLEUM CROWN CENTRAL ATMOS PETROLEUM BASF DIAMOND SHAMROCK BASSELL OIL & GAS BG GROUP DONG More than 150 companies have BHP BILLITON PETROLEUM DRUMMOND joined OIL through its first 40 years DTE of operation – a true testament to our BOREALIS value proposition and our ability to meet BP AMERICA DUKE members’ ongoing needs. This register illustrates OIL’s evolving membership. BP NORTH AMERICA DYNEGY Some of the members from the early EL PASO days remain today, while others have BP PLC merged, been acquired or wound down. BUCKEYE PARTNERS ÉLECTRICITÉ As of 2012, there are more than 50 DE FRANCE current and active members who find BURLINGTON NORTHERN important value in OIL’s coverage for ENCANA their global operations. BURMAH OIL ENCOR CALTEX AUSTRALIA ENERGY TRANSFER CANADIAN NATURAL PARTNERS RESOURCES ENI S.P.A. CANADIAN OIL SANDS ENTERGY CENTREPOINT ENTERGY-KOCH CEPSA ENTERPRISE OIL CHAMPLIN PETROLEUM EPCO CHEVRON EQUILON ENTERPRISES CHEVRON PHILLIPS CHEMICAL EQUISTAR CHEMICALS CHEVRON TEXACO EXXONMOBIL CITGO PETROLEUM FOREST OIL CITIES SERVICE FPL GROUP NORSK HYDRO SHELL CANADA CLECO FREEPORT-MCMORAN NORTHERN RESOURCES SHELL OIL CMS ENERGY GALP NOVA CHEMICALS SOUTHERN CONOCOPHILLIPS GENERAL AMERICAN OIL NSTAR SOUTHERN UNION COMPANY OF TEXAS CONSOLIDATED OCCIDENTAL PETROLEUM STATOIL NATURAL GAS GENERAL CRUDE OIL OCEAN SUNCOR CROWN CENTRAL GULF OIL OGE SUNOCO PETROLEUM HESS OMV AKTIENGESELLSCHAFT SUPERIOR OIL DIAMOND SHAMROCK HOVENSA OIL & GAS ONTARIO POWER TALISMAN HUSKY GENERATION DONG TENASKA KERR-MCGEE PACIFIC GAS AND ELECTRIC DRUMMOND TENNECO KINDER MORGAN PARAMOUNT RESOURCES DTE TESORO KOCH INDUSTRIES PEMEX DUKE THE SINCLAIR COMPANIES KUWAIT PETROLEUM PETRO-CANADA DYNEGY TOTAL LOOP PETROFINA EL PASO TXU LOUISIANA LAND PHILLIPS 66 ÉLECTRICITÉ AND EXPLORATION UNOCAL DE FRANCE PHILLIPS PETROLEUM LYONDELLBASSELL UNO-VEN ENCANA PRAXAIR MAPCO VALERO ENCOR PRIDE COMPANIES MARATHON OIL VICKERS ENERGY TRANSFER PROGRESS PARTNERS MARATHON PETROLEUM VISTA CHEMICAL PUERTO RICO ELECTRIC ENI S.P.A. MARINER POWER AUTHORITY WESTLAKE CHEMICAL ENTERGY MERAS INTERNATIONAL RANGER OIL WILLIAMS COMPANIES ENTERGY-KOCH MOL RELIANT WOODSIDE ENTERPRISE OIL MOTIVA ENTERPRISES REPSOL YPF XTO EPCO MURPHY OIL ROYAL DUTCH SHELL YARA INTERNATIONAL EQUILON ENTERPRISES N.I. ROYAL VOPAK EQUISTAR CHEMICALS NEXEN SANTOS EXXONMOBIL NISOURCE SASOL FOREST OIL NOBLE SEMPRA Jacques Auriol Charles L. Bailey Colin R. Barnes Roberto Benzan FOUNDATION OF OIL Total Compagnie Tenneco Phillips Petroleum Husky Edgar H. Germer Paul D. Gregory Theodore Guidry Brian J. Henderson Atlantic Richfield Petrofina S.A. Valero Oryx OIL is owned and operated by its members. The Board of Directors over the years reflects the cross section of energy companies that have benefited Keith S. Kennedy Edward J. Kettel John R. King Douglas A. Kline Standard Oil Atlantic Richfield Tenneco Sun Oil from accessing OIL’s coverage. This international group of energy risk management professionals is directly engaged in representing the interests of the members. Thanks in part to the dedication and expertise of these Directors, OIL has continued to evolve James A. Michael McNerney Gerard E. Modecki Lindsay P. Mulkern and remain relevant to its membership. McCullough Mobil Oil Marathon Oil Shell Oil Union Oil Paul Phillips David S. Platt Martin C. Ted Rhodes Murphy Oil Talisman Recchuite Continental Oil Atlantic Richfield Robert J. Stine Frank R. Tierney C. Jeffrey Charles E. Trolinger Phillips Petroleum Consolidated Tripplette Diamond Shamrock Natural Gas Duke Energy Donald K. Brown David W. Alvin A. Da Costa John W. Dumas J.S. Etheredge John G. Faulds Giancarlo Fraticelli Unocal Casselberry Mobil Murphy Oil Conoco Ranger Oil Padana Assicurazioni Phillips Petroleum William Howard David L. Huff James F. Hughes, III Trygve Imsland Philip G. Johnson Russell G. Jones Richard C. Keady Forest Oil Ashland ConocoPhillips Statoil BG Group Tenneco Shell Oil Gregory J. LaSalle Thomas S. Lister James D. Lyness Russell D. Madigan W. Rudd Marlowe Virgil J. Massaro Fabrizio Occidental Petroleum Standard Oil Chevron Champlin Petroleum Ultramar Diamond Conoco Mastrantonio Shamrock Eni Charles K. Morgan Gerard Naisse William M. Nolan Pietro Novia George Obolensky Rowland Pagan Gian Piero Papetti Marathon Oil TOTAL Marathon Oil Finas Shell Oil Ashland Finas Jean-Paul Henry R. Rossell T. Michael Shelton Stan Sherman William S. Smith Robert D. Stauffer Doyle Stephens Rochette Sun Oil Occidental Petroleum Standard Oil Marathon Oil Diamond Shamrock Shell Oil A.S. Industriforsikring Marc Van Reeth Mariano Vici Robert C. Vryhoff Jerry W. Watkins Jack L. Wesley Jack D. Whitelaw Mark F. Wilson Petrofina S.A. Ente Nazionale Sunoco Murphy Oil Shell Oil ExxonMobil Lyondell Chemical Idrocarburi MEMBERS PHOTOS UNAVAILABLE: C.A. Johnson A.G. Douglas J.M. Doyle A.B.S. Lowry C.E. Niederer J.A. Edwards L.V. Poulson Cities Service Shell Canada Phillips Petroleum ExxonMobil Murphy Oil Gulf Oil Kerr-McGee J.S. Dimling T.E. Douglass J.E. Buckens A.W. Mayne Paul D. Phillips L.E. Grattan, Jr. B.F. Thomson Marathon Oil Standard Oil Petrofina S.A. Ashland Oil Murphy Oil Standard Oil BHP Billiton International “ Being a member of OIL provides the opportunity to network with others who share similar insurance needs.“ “ Being a member of OIL provides the opportunity to network with others who share similar insurance needs.“ BECOME PART OF OUR WE ARE OIL SUCCESS STORY Oil Insurance Limited (OIL) was established in 1972 in response to significant changes in the insurance industry. Major event losses on Lake Charles, Louisiana and off the coast of Santa Barbara, California had made it difficult, if not impossible, for energy companies to secure adequate, affordable coverage. An innovative alter- Should your company wish to become native was introduced in the form of OIL, a member and gain access to the full George Hutchings a mutually owned insurance company value of OIL’s “cornerstone” capacity, Senior Vice President, you are invited to contact us for further where the insureds are the shareholders. Chief Operating Officer information... or simply contact your broker. T. +1 (441) 278-1123 E. [email protected] Theresa Dunlop Vice President, OIL T. +1 (441) 278-1147 E. [email protected] Barry Brewer Vice President, Marketing T. +1 (441) 278-1132 E. [email protected] www.oil.bm WE ARE WE ARE www.oil.bm.
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