The agreement will cover rig-inspection services in shale and other unconventional formations including the Eagle Ford, Barnett, Marcellus and Bakken plays in the US.
To support the agreement, AIMS formed the Well Integrity Program (WIP) as the umbrella program under which all of the inspections will be conducted, documented and certified.
AIMS will inspect and certify drilling rigs, blowout preventers, diverter systems, wellhead casing connectors and all other pressurised connections to deliver documentation to USI for insurance purposes. Examples of these certifications include statements that all inspected equipment is functioning correctly; that the first one-second-below-the-well location does not contain dangerous gas pockets; that the tubulars are certified by the American Petroleum Institute and are not procured from Russia or China; and that the well site is located in a safe drilling areas, among other aspects. The insurance contracts are typically held by the well operator or drilling contractor.
USI is the underwriter for most of the oil and gas industry’s rollout and well-control insurance policies sold by retail insurers such as Lockton Cos., Infinity Assurance Group (IAG), Travelers Indemnity Co. and Aeon Insurance Group Inc. (AEON), among others.
“We predict that about 650 US wells will require this type of insurance during the next two years,” says Steve Hill, principal of AIMS LLC. “This is a new endeavour for AIMS LLC, and it’s an extension of our technical expertise with our core business of vendor, shipyard and rig inspections. We are honoured that USI chose AIMS LLC as one of their preferred inspection and certification providers.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27102016/usi-taps-aims-llc-for-well-inspections-in-shale-plays/