Glossary

European Borrowing Base

By October 15, 2021No Comments

A form of Reserve Based Lending which is used in most upstream oil & gas sectors outside the Americas, where the US Borrowing Base structure is employed. The European (sometimes “International”) facility type is characterised by a more mechanistic approach than its US equivalent. The European model also accords far more value to oil and gas assets in the development stage than its US equivalent, which focuses to a very large extent on assets in production or Behind Pipe.