Offshore Asset Occupancy Codes

Offshore asset occupancy codes supported by Touchstone.

AIR provides the following codes for offshore asset occupancies: Since AIR has not mapped SIC codes to 900-series codes, "n/a" indicates that the column is not applicable.


Occupancy Code	Category	SIC2-Digit	Description
900	Unknown	n/a	Offshore platform occupancy is unknown.
901	Oil Production Only	n/a	Offshore platforms that only produce oil.
902	Gas Production Only	n/a	Offshore platforms that only produce gas.
903	No Production	n/a	Offshore platforms that do not produce oil or gas.
904	Oil and Gas Production	n/a	Offshore platforms that produce oil and gas.
905	Drilling	n/a	Platforms used for drilling.
906	Workover	n/a	Platforms that repair or stimulate existing production wells for the purpose of restoring, prolonging, or enhancing the production of hydrocarbons.
907	Ready Stacked	n/a	Rigs that are not under contract but generally are ready for service.
908	Waiting on Location	n/a	Waiting on location.
909	Pipelines	n/a	Pipelines. This occupancy class is for accumulation only.