Control of Well
Many of OIL’s Exploration & Production (E&P) members rely on the broad Control of Well (CoW) coverage offered by OIL which protects them against the perils associated with their drilling activities, e.g. blow outs. The CoW coverage is provided under Insuring Agreement #2b of the OIL policy which also includes coverage for Sue and Labor expenses, Removal of Debris, and the costs and expenses associated with Restoration & Redrilling (subject to the terms, conditions and exclusions of the policy). The full $400 million limit is available for each of these coverages with no separate premium charge.