Worldwide Facilities, Petro Guardian Offer Oil, Gas Lightning Risk Program

September 27, 2018

National wholesale insurance brokerage and managing general agent, Worldwide Facilities, is teaming up with Petro Guardian, a turnkey lightning and static protection installation service provider for oil and gas facilities, on Enlightning, an exclusive program to reduce the risk of damage from lightning strikes at oil and gas facilities — as well as the cost of insurance and claims mitigation.

Enlightning is a bundled product that offers lightning and static protection system through Petro Guardian, along with a physical damage insurance program — offered through Worldwide Facilities. It’s designed to encourage insureds to invest in protection against lightning and static ignition — something not all oil and gas facilities take the steps to do. This will result in preferential underwriting of the insurance policy.

The transition from vertical to horizontal wells has enabled a physically larger footprint for production and saltwater disposal locations allowing for a higher productivity. In addition, many facilities have transitioned from steel to non-corrosive fiberglass tanks that are not electrically conductive. These technology changes have increased the risk of igniting fire from lightning and static discharges and measurably raise the risk of personal injury and damaging process control systems.

Source: Worldwide Facilities

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