You will learn about:
- Accessing project funding in today's challenging markets
Structuring large oil and gas field development projects
Financing pipelines, oil rigs, platforms, and other infrastructure
LNG and fertilizer plants
Power projects including 'green' energy deals
Developing pro forma estimates and cashflow models
Working with banks and understanding key legal risks in projects Official providers of funds and credit support (export credit agencies, development banks and others)
- Managing commodity price volatility in energy deals
Who Should Attend
The course will be of value to professionals in the following areas:
In today's volatile energy environment financing projects is uniquely challenging. It is ever more important to understand how suitable financial structures for oil, gas and electricity projects are created as even the most carefully structured deals can face difficulties in attracting sufficient debt, equity or other funding from international or local investors.
Participants in this program will learn to structure projects in creative ways to attract funding from banks, the bond market, equipment providers and public and private equity. They will look at approaches to facility upgrades and green field projects in the oil gas and electricity sectors. They will analyse deals to develop robust security packages, as well as learning to apply many tools and techniques of quantitative financial analysis. In hands on sessions employing excel models they will assess project debt capacity, return on investment, and other metrics common to attractive deals.
Besides direct funding, in many transactions, credit enhancement techniques can also be very important. Thus traditional Export Credit Agency, Multi- and Bi-lateral Agency support, as well as tailored private sector political and commercial shifting mechanisms and programs are explained in detail. Cases and examples of projects from Africa, the Middle East, and elsewhere around the world are used throughout this program to ensure understanding and application of concepts.
Active course participation is encouraged to ensure understanding and reinforce concepts. Cases require evening reading. Participants will be provided with complete lecture notes, cases, and selected readings to serve as a reference after the sessions are completed.