Top 15 World Property Damage Losses In The Hydrocarbon Industry (1)

(US $ millions)

Rank Date Plant type Event type Location Country Property loss (2)
1 Jul. 7, 1988 E&P offshore (3) Explosion, fire Piper Alpha, North Sea U.K. $1,960
2 Jan. 11, 2017 Refinery Fire Ruwais, Abu Dhabi U.A.E 1,000+
3 Oct. 23, 1989 Chemical Explosion, vapour cloud explosion Pasadena, Texas U.S. 1,520
4 Mar. 19, 1989 E&P offshore (3) Explosion, fire Baker, Gulf of Mexico U.S. 900
5 Mar. 15, 2001 E&P offshore (3) Explosion Rancador Field, Campos Basin Brazil 850
6 Sep. 25, 1998 Gas processing Explosion, vapour cloud explosion Sale, Longford, Victoria Australia 810
7 Apr. 24, 1988 E&P offshore (3) Blowout Enchova, Campos Basin Brazil 760
8 Sep. 21, 2001 Fertilizer Explosion Toulouse France 730
9 Jun. 25, 2000 Refinery Explosion, fire Mina Al-Ahmadi Kuwait 720
10 May 4, 1988 Chemical Explosion Henderson, Nevada U.S. 690
11 Jan. 19, 2004 Gas processing Explosion, fire Skikda Algeria 690
12 Apr. 1, 2015 E&P offshore (3) Fire Abkatun, Bay of Campeche Mexico 690
13 May 5, 1988 Refinery Explosion, vapour cloud explosion Norco, Louisiana U.S. 670
14 Mar. 11, 2011 Refinery Explosion, fire Sendai Japan 650
15 Apr. 21, 2010 E&P offshore (3) Explosion, fire Gulf of Mexico U.S. 640
(1) Property damage only. (2) Inflated to December 2017 values. (3) Exploration and production. Source: The 100 Largest Losses, 1978-2017, March 2018, Marsh & McLennan Companies.