TRAINING OIL AND GAS PROJECT FINANCING

TRAINING OIL AND GAS PROJECT FINANCING

Training Pendanaan Proyek Minyak Dan Gas

Training Features Of A Project Financing

This highly practical course has been specifically tailored to the needs of professionals operating in the oil and gas, banking, finance, legal and accounting industries who wish to expand dramatically and deepen their knowledge of limited-recourse financing techniques used in the various branches of the oil and gas industry

An event no oil & gas professional can miss!
The phenomenal growth of the global energy sector presents unique financing challenges and pressures for today’s practitioners working in the oil and gas sector and financial industry. Taught by a respected project finance expert, Richard Capps

OIL AND GAS PROJECT FINANCE

COMPREHENSIVE COURSE OUTLINE

Limited Recourse Financings
* The principle features of a project financing
* the due diligences required
* the choice of entity
* the role of contract
* the role of the project cashflow model
* the rationale for selecting project finance

The Particular Financing Issues to be Confronted in Energy Projects
*  the challenges of upstream oil and gas

* reserves estimation
*  extraction dynamics
* development finance
*  reserve-based lending
*  determining the borrowing base for a basket
* perfection of security
* abandonment

*  the challenges of Pipelines

*  throughput agreements
* rights of way
* social and security implications

*   the challenges of LNG

*  the traditional contractual lock-in structure
*  the effect of the emergence of a spot market
*  vertical integration
*  the cycle

*  the challenges of Petrochemicals

* feedstock
*  agency and licensing

Legal Issues
* alternative dispute resolution procedures
*  reversal of the plaintiff / defendant postions through contract structuring
* ADR conditions precedent for financing

Pre-Completion Risks
* liquidated damages
*  policing the liquidated damages – performance bonds and retentions
* Fixed price, lump sum, liquidity
* the implication of change orders, cost overruns
* turnkey EPC structures
*  standard form contracts
* completion guarantees, refinancing risk
* the assigned insurances relevant as lender security
* completion testing, retentions, latent defects and warranties

Case Study 1  —  LNG Case
Offtake Agreements
*   classification of different cashflow profiles within the energy sector
* the security implications of take-or-pay
* availability risk versus market risk
* foreign exchange issues
*  hidden recourse

Financing Structures
*  risk and its relationship to cashflow
*  the central importance of FCF
* the origins of cashflow volatility – the dynamics of project cashflow
* LLCR and ADSCR covenants
*  when to apply a cash sweep
* providing liquidity ‘suspension’ for the special purpose vehicle
* different structures to control and capture the cashflow– sector by sector
*  cashflow waterfall
*  the different types of control accounts
*  the syndication process
*  tailoring the structure to the project cashflow
* consequences of default

Case Study 2  —  Upstream Oil Case
* The Role of the Model in Project Finance
*  the cashflow adequacy and the cashflow volatility
*  the ‘problem’ with predictive modelling
* purpose of model – initial feasibility, financing choice, post-completion monitoring, etc
*  the layout and flow of the model
* the importance of the drivers and the profiles
*  treatment of currency issues and escalation
*  interface of risk quantification and risk allocation
* methods for processing sensitivities, break-even analysis, and scenarios

Model Reviewing
*  procedures on receiving a model
* the use of audit software
*  model flow
*  building a trace diagram

Case Study 3  —  Pipeline Case
* Capital Markets
*   Rule 144A bond financings – origins and implications
*   the bond rating and its importance
*  the effect and implications of the sovereign debt rating
* bond financing in domestic infrastructure projects
*  enhancing the credit and the rating
* the advantages of bond financing compared to bank syndication

Case  Study 4  —  Bond-Financed LNG Project
The Analysis by Project Sponsors
* how investment appraisal differs between normal investment and project-financed investment
* frequent encountered errors in calculating the rate of return
*  project IRR contrasted with the total return to sponsors
* the implementation of the return calculation in excel
* the contractual negotiation with financiers – what clauses impact the equity IRR

Political Risk
* insurers of political risk and the forms of cover available
* the various roles that can be performed by export credit agencies
* typical lending structures of ECAs
*  multilaterals and the typical lending structures encountered

Summary of the Essential Ingredients of Oil & Gas Project Financing

Lokasi Pelatihan Tahun 2023 :

Yogyakarta, Hotel Dafam Seturan

Jakarta, Hotel Amaris La Codefin Kemang

Bandung, Hotel Grand Serela Setiabudhi

Bali, Hotel Ibis Kuta

Lombok, Hotel Jayakarta

Catatan :

• Waktu pelatihan Dua+1* hari dengan Biaya tersedia untuk Perorangan, Group, dan Inhouse Training, belum termasuk akomodasi/penginapan.
• Untuk biaya dan jadwal training harap menghubungi marketing kembali

Investasi training:

Investasi pelatihan selama dua hari tersebut menyesuaikan dengan jumlah peserta (on call). *Please feel free to contact us.

Apabila perusahaan membutuhkan paket in house training, anggaran investasi pelatihan dapat menyesuaikan dengan anggaran perusahaan.

Fasilitas training:

Free Penjemputan dari bandara ke hotel*.

Modul / Handout.

Flashdisk*.

Certificate of attendance.

FREE Bag or bagpacker.

Training Kit (Photo Documentation, Blocknote, ATK, etc).

2x Coffe Break & 1 Lunch.

Souvenir .