Oil Insurance Limited Welcomes Four New Members

Hamilton, Bermuda (ots/PRNewswire) -

Oil Insurance Limited (OIL) today, July 30th 2013, announced the
signing of four new energy companies as members through the first
seven months of 2013. They are Alon USA Energy, Inc, Anadarko
Petroleum Corporation, Arena Energy, LP and Cenovus Energy Inc.

Alon USA Energy, Inc, headquartered in Dallas, Texas, is an
independent refiner and marketer of petroleum products. Its
operations include refining, asphalt and retail/branded marketing
across the western and south-central regions of the United States.

Anadarko Petroleum Corporation is among the world's largest
independent oil and natural gas exploration and production companies,
with assets in the Rocky Mountains region, the southern United States
and the Appalachian Basin. The company also is a deepwater producer
in the Gulf of Mexico, and has production in Alaska, Algeria and
Ghana with additional exploration opportunities in West Africa,
Mozambique, Kenya, South Africa, Colombia, Guyana, New Zealand and
China.

Arena Energy, LP is a privately-held company located in The
Woodlands, Texas, formed in 1999 to pursue oil and gas development
and lower-risk exploration drilling opportunities on the Gulf of
Mexico shelf.

Cenovus Energy Inc. is a Canadian oil company based in Calgary,
Alberta. Their operations include oil sands projects in northern
Alberta which use specialized methods to drill and pump the oil to
the surface, natural gas and oil production in Alberta and
Saskatchewan as well as ownership interests in two U.S. refineries.

COO George Hutchings commented: "Interest in OIL by energy
companies from around the globe continues to grow. Recent actions to
increase OIL's property limit to $300 million, implement changes to
minimize potential pricing volatility, rewrite the Shareholders
Agreement, Policy and Rating & Premium Plan, and improve our
marketing efforts have had favorable effects on the OIL value
proposition. OIL continues to evolve and respond to our members'
diverse needs and their global exposures."

CEO Robert Stauffer stated: "There are now 56 energy company
members participating in the OIL mutual with growing interest from
international prospects. Our members seek the security and
predictability of OIL's significant $300 million cornerstone
capacity, which offers 'for interest limits' for property damage,
well control, re-drilling, pollution clean-up costs and terrorism
among others."

For more information about OIL's property coverages and related
value go to http://www.oil.bm.

Oil Insurance Limited (OIL) insures over two trillion dollars of
global energy assets for more than fifty members with property limits
up to $300 million totaling more than 11 billion dollars in total A-
rated property capacity. Members are medium to large sized public and
private energy companies with at least $1 billion in physical
property assets and an investment grade rating or equivalent.
Products offered include Property (Physical Damage), Windstorm, Non
Gradual Pollution, Control of Well, Terrorism, Construction and
Cargo. The industry sectors that OIL protects include Offshore and
Onshore Exploration & Production, Refining and Marketing,
Petrochemicals, Mining, Pipelines, Electric Utilities and other
related energy business sectors.

ots Originaltext: OIL Insurance Limited (OIL)
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Further inquiries regarding this press release should be directed
to Barry Brewer, VP Marketing at barry.brewer@oil.bm or
+1(441)295-0905.