SDV Insights

Oil and Gas Activities in Mexico Face New Insurance Requirements


Mexico recently issued a new set of minimum insurance requirements for companies engaging in certain oil and natural gas activities including exploration, production, processing, and refining. At a minimum, these companies must procure coverage for civil liability, environmental liability, and well control, where applicable. The guidelines set forth mandatory minimum insured amounts dependent upon the activity, in addition to requiring that the insurance must be issued by insurers qualified in Mexico, must be primary, and must contain a waiver of subrogation in favor of the Mexican government.

The guidelines officially became effective on June 24, 2016 and companies must register compliant policies within 60 days from the date of implementation, or by August 23, 2016. If you are a company who is engaged in these activities or planning to engage in the future, it is important to recognize the reporting requirements and registration rules as well as to ensure that your subcontractors, service providers, and/or suppliers are also in compliance.






CONTACT US


The email you are sending does not create an attorney-client relationship with SDV. We do not agree to representation until we have performed a check for conflicts of interest and expressly agree to provide services in a particular matter via an engagement letter. The information submitted to us via this website will NOT be treated as confidential or privileged as a lawyer/client communication and our receipt of this information does not prevent us from representing a client related to the subject of your inquiry.

Northeast

35 Nutmeg Drive
Trumbull, CT 06611

203.287.2100

233 Mount Airy Road
Basking Ridge, NJ 07920

973.446.7300

Southeast

999 Vanderbilt Beach Road, Ste 603
Naples, FL 34108

239.316.7244

West Coast

One BetterWorld Circle
Temecula, CA 92590

951.365.3145

SDV is headquartered in Connecticut, with regional offices in New Jersey, Florida, and California to better serve our clients. We are ready to answer your questions and are eager to assist you in developing solutions.