The Joint Natural Resource Committee (JNRC) and Joint Energy Claims Group (JECG) have undertaken a review of the Energy Exploration and Development Insurance 8/86 Form (EED 8/86). The purpose of this review was to update and clarify certain areas within EED 8/86, rather than a full rewrite.

There has been a comprehensive consultation process overseen by the Joint Natural Resource Committee (JNRC) and the Joint Energy Claims Group (JECG).

As a result, the standard form has been updated and is now issued as Energy Exploration and Development Insurance 8/86 – revised 11/25.

Microsoft Word documents of the form and endorsements are downloadable below:

• EED Form
• Loss Prevention Endorsement
• Multi-Well Pad Aggregate Limit Endorsement
• Removal of Wreckage and/or Debris Endorsement
• Underbalanced and Producing While Drilling Endorsement
• Underground Control of Well Endorsement
• United Kingdom Insurance Act 2015 Endorsement
• Contingent Joint Venture Endorsement
• Deliberate Well Firing Endorsement
• Drilled But Uncompleted Wells Endorsement
• Evacuation Expenses Endorsement
• Extended Redrilling and Restoration Costs Endorsement
• Care Custody and Control Endorsement
• Casing Failure Endorsement.

The LMA is hosting an online webinar to discuss the changes to the EED 8/86 wording on 16 December, presented by Eliot Boler, Senior Associate, Clyde & Co. Registration is available here.

All LMA and IUA model documents are purely illustrative and are published and distributed for the guidance of underwriters, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model documents as they see fit; the LMA and IUA do not protect their intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk.

Dele Fajimolu
Senior Executive, Technical Underwriting
Lloyd’s Market Association