Financing Natural Resources: Oil, Gas & Mining Projects

2 days 6-7 Jul 2017, London UK £2,795.00 + VAT* Download brochure Add to basket

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Overview

This course represents module 2 of the Project Finance Academy.

Building on a foundation established in the first portion of the program Module 2 introduces elements unique to projects in the natural resource sectors: oil, gas and mining. Discussion and cases cover upstream oil and gas delivery as well as green-field and later phase mining projects. Approaches to equipment finance are highlighted, including Islamic alternatives. Effective applications of interest rate, currency and commodity derivatives are described.

Four Workshops That Can Be Booked Together or Separately:

This programme consists of four separately bookable modules, book the full Project finance academy and save £2535.

 

 

 

Who should attend

  • Bankers/Investment Bankers
  • Project Finance Modelers
  • Financial Advisors
  • Sponsors/Project Joint Ventures
  • Project Developers
  • Government/PPP Agencies
  • Public Sector Managers
  • Export Credit Agencies
  • Multilateral Agencies

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Meg Osius
The Course Director specializes in capital markets, risk management, and international project finance. She works with corporations, financial institutions, public agencies, law firms, and private equity investors. She has had extensive transactional experience in the oil, gas, power, transport, and telecom sectors.

She began her career at JP Morgan Chase Manhattan Bank, where she structured highly leveraged deals and project financings also advising clients on foreign exchange and other price risk management strategies. Before that she was responsible for evaluating the quality of the bank’s global loan portfolio as well as that of its newly acquired affiliates. In that role she had extensive experience with workout and distressed debt.

She has published articles in the business press and co-authored several self-study guides covering international project finance, trade and export finance, foreign exchange, and financial futures. The World Bank has published her articles on approaches to financial analysis in emerging markets.

Previously she was Chairperson of the Technical Advisory Panel (TAP) of the Public Private Infrastructure Advancement Fund (PPIAF) managed by the World Bank. The fund provides technical assistance to emerging market governments in order to encourage private involvement in infrastructure development. She is currently a Director of British Caribbean Bank and Waterloo Holdings Ltd. She received an M.B.A. from INSEAD, the European Institute of Business  Administration, in Fontainebleau, France. Her B.A. degree is from Princeton University.

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

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We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda
 Day 1 

Themes:  Natural Resources Projects
Upstream, Midstream and Downstream Oil and Gas

  • Structure: Upstream, Midstream and Downstream
  • Hydrocarbon Basics: Geology, Reserves
  • Supply and Consumption
  • Oil Production: Process Depletion and Enhanced Recovery
  • Financing Structures: Balance Sheet vs. Limited Recourse
     - Field Development and Platform Types
     - Production Facilities
     - Building and Financing Pipelines
     - Refineries and Petrochemical Plants
     - LNG Facilities

Allocating Risk

  • Technology and Construction/Completion
  • Reservoir/Reserve Risks
  • Feedstock Risk
  • Sales and Off-take
  • Operation and Maintenance
  • Abandonment/Decommissioning
  • Environmental/Regulatory Issues
  • Country/Political Risk

Logistics and Transportation Financing

  • Logistics: Pipelines, Shipping, and Storage
  • Types of Tankers
     - AFRA Classes (Average Freight Weight Assessment)
  • ULCC to Tanker Lightering

Islamic Finance

  • Definitions, Principles, and Authoritative Sources
  • Structures: Murabaha, Istisna and Ijara
  • Examples of Petrochemical and Other Transactions

Case Study: Financing an Oil Rig
Participants will break into small groups to prepare a case study concerned with equipment financing. A computer simulation will be used to model possible outcomes. Groups will present their solutions.

Day 2 

Themes: Reserve and Off-take Evaluation; Mining Projects; Risk-Management with Derivatives
Stages in Financing Natural Resources Projects

  • Exploration/ Geology/Drilling/Reserve Estimation
  • Reserve-based lending and Borrowing bases
  • Mezzanine Funding
  • Oil and Gas Reserve Categories (P1, P2, P3)
  • Common Measures: (Loan Life Cover Ratio (LLCR), Project Life Cover Ratio (PLCR), Reserve Tail

Case Study: Financing a Condensate Field Development Project
Evaluating the security package and forecast cash flows for a condensate field. Structuring Approaches.  Finding funding.

Price Volatility and Risk Management with Derivatives in Projects

  • Financial price movements today: volatility and risk
  • Commodity-linked derivatives and securities
  • Using interest rate and currency swaps to manage risk in projects
  • Options: caps, floors and collars

Mining Transaction Considerations

  • Special Issues
  • Single Asset Projects and Asset Depletion
  • Off-take Arrangements
  • Construction Issues and Engineering
  • Mine Operating Risk
  • Environmental and Country Risk

Mining Case Study
Structuring a sales contract to support project financing of industrial minerals project. 


Self-test

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product