Worldwide Facilities has entered into an alliance agreement with Cudd Pressure Control’s Well Control division, in order to better serve clients in the oil and gas industries.
Through the alliance, Cudd Well Control will provide Worldwide Facilities’ oil and gas clients with access to its experienced team of well control specialists and engineers. This service will be offered through an insurance product administered by Worldwide Facilities.
The alliance will support traditional energy insurance products, in addition to the recently launched “Increased Costs of Drilling and/or Completion Insurance” (ICDC) program.
“Cudd Well Control has positioned itself at the top of the well control, engineering, and response marketplace with what we believe to be the most experienced team in the industry,” said Worldwide Facilities Houston senior vice president Matthew Begnaud. “This alliance furthers our commitment to continually develop products designed to address the most demanding risk transfer needs of our oil and gas clients.”
“Being the ‘first call’ well control services provider under Worldwide Facilities’ upstream energy insurance policies is very exciting, and we are well-positioned for the task,” commented Cudd Well Control president Andrew Ferguson.
Ferguson added that Cudd has experienced well control specialists and engineers, and that the company has developed “the latest in critical well intervention technology,” in order to provide the best well control services in the industry.