Get in touch
555-555-5555
mymail@mailservice.com
Have you made your list?
We know you have a lot of things to prepare for when drilling a well.
Below are some simple questions to be prepared to answer when putting tools downhole and determining if you should secure LIH insurance.
✔ What’s included in your day work contract?
- Are all tools and values for which you are responsible listed?
- Are they updated if the BHA changes?
✔ How do I reinstate coverage after a loss?
- What is the procedure to get coverage reinstated?
- Are there additional costs from the contractor or insurance company or both?
✔ How are insurance deductibles applied?
- Are they clearly defined?
- How are they implemented in the event of a total and/or partial loss?
✔ How is exposure to tool loss addressed?
- Does the operator accept full, partial, or no exposure for their tool liability?
- Is coverage primary or excess; are tools insured at replacement cost or depreciated value?
- Does LIH or downhole tool insurance cover damaged tools?
✔ What are fishing requirements?
- Requirements should be clearly spelled out as to how many, if any, fishing attempts have to be made.
- Do you know what equates to a successful fishing attempt?
No matter the application, make sure your tools are covered on your next operation.
Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
We've Got You Covered
Transpac Managers, Ic. Has seen many types of downhole claims. What are the most common?
When drilling a well, SH@! happens
Are you performing pipeline inline inspection operations and what to ensure that your tools are covered in the event of a loss?
Drilling Losses are Becoming More Frequent
If you are an operator with an active drilling program and want to ensure all your wells are covered from the costs and hassles of downhole tool losses, Transpac Managers is offering an express program for either 100% or 50% coverage. It's easy to apply and most wells are approved within 24 hours. A deposit is only required for the first well. first well No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
Transpac Managers' Downhole Tool Insurance is available to help ensure a lost-in-hole event doesn't blow your entire budget. On average, a well costs between $6M and $9M to complete in the Permian Basin: - Drilling costs account for approx. 30% (between $1.8M to $3M) - One Downhole Tool loss of $1.5 million could use up almost your entire drilling budget No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
The Transpac Managers team is consistently asked why companies need Downhole Tool Insurance. Check our four key reasons and let us know if you purchase insurance for different reasons. - Lost tools, due to sticking, are not insured under most Commercial Insurance Programs - LIH losses can have a more dramatic economic effect on smaller drilling programs - BHA replacement costs are rising and even if contractors reduce exposure by 50%, you still have significant LIH exposure - Your drilling, wireline, coiled tubing, and fishing tools can all be covered under one policy No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
Did you know that you can secure downhole fishing coverage from Transpac Managers to further protect your assets and reduce risks? With this insurance, your incurred costs when retaining a third-party fishing company’s services to retrieve or free stuck downhole tools will be covered. This is only available for well sections where BHAs/equipment are being covered by Transpac. No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
For more than three decades, Transpac Managers has been dedicated to maintaining our position as the choice provider of Downhole Tool Insurance for operators, contractors, and agents. In addition to being a cover holder of Lloyds, the Transpac Managers team provides prompt and knowledgeable service and competitive pricing with the highest level of integrity. No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
We've Got You Covered
Transpac Managers, Ic. Has seen many types of downhole claims. What are the most common?
When drilling a well, SH@! happens
Are you performing pipeline inline inspection operations and what to ensure that your tools are covered in the event of a loss?
Drilling Losses are Becoming More Frequent
If you are an operator with an active drilling program and want to ensure all your wells are covered from the costs and hassles of downhole tool losses, Transpac Managers is offering an express program for either 100% or 50% coverage. It's easy to apply and most wells are approved within 24 hours. A deposit is only required for the first well. first well No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
Transpac Managers' Downhole Tool Insurance is available to help ensure a lost-in-hole event doesn't blow your entire budget. On average, a well costs between $6M and $9M to complete in the Permian Basin: - Drilling costs account for approx. 30% (between $1.8M to $3M) - One Downhole Tool loss of $1.5 million could use up almost your entire drilling budget No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
The Transpac Managers team is consistently asked why companies need Downhole Tool Insurance. Check our four key reasons and let us know if you purchase insurance for different reasons. - Lost tools, due to sticking, are not insured under most Commercial Insurance Programs - LIH losses can have a more dramatic economic effect on smaller drilling programs - BHA replacement costs are rising and even if contractors reduce exposure by 50%, you still have significant LIH exposure - Your drilling, wireline, coiled tubing, and fishing tools can all be covered under one policy No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
Did you know that you can secure downhole fishing coverage from Transpac Managers to further protect your assets and reduce risks? With this insurance, your incurred costs when retaining a third-party fishing company’s services to retrieve or free stuck downhole tools will be covered. This is only available for well sections where BHAs/equipment are being covered by Transpac. No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
For more than three decades, Transpac Managers has been dedicated to maintaining our position as the choice provider of Downhole Tool Insurance for operators, contractors, and agents. In addition to being a cover holder of Lloyds, the Transpac Managers team provides prompt and knowledgeable service and competitive pricing with the highest level of integrity. No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email cwebb@transpacmgrs.com for more information on our limits and for a free quote before you send your equipment downhole.
Contact
214.346.1512
service@transpacmgrs.com