This course is designed to provide participants with a practical framework for analysing risks which are specific to the oil & gas industry and introduces strategies which can be applied to mitigate those risks in order to develop bankable financing structures for projects across the entire oil & gas value chain.
Starting with an introduction to project finance and the structure of the oil & gas industry, participants are guided through the process of analysing risks and understanding the various mitigation strategies which can be implemented for projects across the oil & gas value chain.
The similarities and differences between the financing of upstream, midstream and downstream projects are clearly highlighted, whilst a live cashflow model is used to illustrate how the quantum of debt a project can support is established. The course concludes with an introduction to the increasing importance of Environmental, Social and Governance (ESG) issues.
Participants’ knowledge is consolidated through example case studies and interactive practical exercises, which include building a customised project organogram.
On completion of the course, participants will be equipped with a clear understanding of:
- Why and when project finance is used in the oil & gas industry;
- Qualitative & quantitative risk analysis;
- Risk allocation & mitigation techniques;
- Debt structuring for:
– Upstream exploration & production developments;
– Floating production storage & offloading units (FPSOs);
– Liquefied natural gas (LNG) projects;
– Pipelines & storage facilities;
– Crude oil refining;
– Petrochemical plants.
- The importance of environmental, social and governance (ESG) considerations.
The course is led by Ian Cogswell, who shares the knowledge he has gained from over 20 years’ practical experience of oil & gas project financing.