Cudd Well Control signs alliance agreement with Worldwide Facilities

Source: press release, 2 February 2021

illustration: Cudd Well Control
illustration: Cudd Well Control

Cudd Well Control, a global onshore and offshore well control emergency response and critical well intervention provider, has entered into an alliance agreement with Worldwide Facilities, LLC, a national wholesale insurance broker, managing general agent and program underwriter.

For more than 40 years, Cudd Well Control has provided rapid well control response and engineering services to onshore and offshore oil and gas operations worldwide. Cudd Well Control is strategically located to quickly respond, prevent and mitigate critical well control events and reduce non-productive time.

Through this alliance and the insurance product administered by Worldwide Facilities, Cudd Well Control will be the preferred well control provider to the global oil and gas industry, giving companies immediate access to its experienced team of well control specialists, engineers and critical well intervention services. The alliance will actively support traditional energy insurance products, in addition to the recently launched “Increased Costs of Drilling and/or Completion Insurance” (ICDC) Program.

Andy Ferguson, president of Cudd Well Control, states, “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. We have the most experienced well control specialists and engineers and developed the latest in critical well intervention technology to provide our customers with the best well control services in the industry for the long term.”

Worldwide Facilities’ Matt Begnaud, SVP/broker in Houston, comments, “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. This alliance furthers our commitment to continually develop products designed to address the most demanding risk transfer needs of our oil and gas clients.”

Bo Burris, Cudd’s well control alliance director, will lead the engagement and implementation of the alliance program, ensuring communication and engagement between the broker, claimant and Cudd Well Control. With more than 40 years’ experience, Burris is a pioneer in the creation and application of enhanced insurance recovery processes for the oil and gas insurance industry.