Working with a US intermediary, Miller has placed builders' all risk coverage for a midstream oil and gas company.

Miller previously placed the builders’ all-risk coverage for two similar projects in 2016 and 2018, as well the reconstruction of an existing asset following a loss.

Its latest project is a cryogenic gas processing plant with an estimated contract value exceeding USD150m.

Under intense pressure from the domestic markets offering full cover, Miller’s proposal remained competitive by offering a pricing option for future projects, giving the client certainty of cover. This aligns with their expansion plans for the foreseeable future.

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