Our team here at Petro-Marine seeks to cultivate strong client partnerships, as we design the best possible solutions for our client’s risk management needs.
Petro-Marine's focus is not just to provide the necessary bonding, but to help our clients understand and manage the factors that drive the industry. Once you can control these factors, the end result is an improvement in your company's profitability.
Plugging and abandonment will occur. So will demands for performance guarantees, from federal, state and municipal governments, from your business partners, from your lenders, from your investors.
You face a myriad of financial assurance challenges that could strain any company including: the upfront funding of these liabilities; the over assessment of abandonment costs; having various situations occur causing double bonding – or worse; demands made to you to perform in the short term while getting your bonds released could take many months, even years, keeping your collateral tied up.
We understand, and are here to help you!