As long as there are oil wells there is a potential for well control problems. Fortunately, insurance exists to address the monumental expenses that result when a blowout or other well control event occurs. This course reviews well control problems, emphasizing factors leading to blowouts and prevention features. It covers insurance options for blowout expenses, including main insuring agreements, conditions, warranties, and additional coverages. The course concludes with a case study of an actual blowout. 

• 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

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