Providing Permanent Financial Assurance to the energy industry
for well plugging and abandonment obligations.
A first-of-its-kind “insurance like” solution designed to meet the energy industry’s Asset Retirement Obligations (AROs).
OneNexus Assurance™ is an Insured Financial Contract that provides funding for oil and gas decommissioning expenses
Capital is available at the time of plugging, assuring that Operators
will have funding for future decommissioning expenses.
Funding is secured in a regulated insurance company with reserve capital provided by Munich Re, a AA-rated global insurance company
OneNexus Assurance coverage remains with the well through divestitures, eliminating “Boomerang Liability” if a future owner should default on its obligations or go bankrupt.
Pre-payment of future decommissioning costs by working interest partners protects the operator from having to collect from them in the future.
Protects the company and executives against adverse publicity surrounding asset decommissioning, such as unfunded AROs.
Click below to learn more about removing your ARO risk.
Be part of leaving the world in better shape than we found it.