The insurance covers the two Moss CS-50 rigs currently under construction at the Vyborg Yard on an order from Gazflot. The insurance has a two-year limit and a maximum 36.7 billion RUB cost frame, the company confirms in a press release.
The two rigs are to be handed over to Gazprom-subsidiary Gazflot in respectively late 2010 and early 2011.
SOGAZ is a major Russian insurance company providing services to a great number of Russian companies, among them Gazprom, Rosneft, Rosatom and the Russian Railways. The company recently also secured a contract with the Murmansk regional administration on the provision of medical insurance to regional administration officials, the company confirms in a press release.
Original sources:
http://barentsobserver.com/shtokman-rigs-insured.4555349-116321.html