Project Finance Academy Module 2: Oil & Gas/LNG Project Finance

Oil & Gas/LNG Project Finance forms Module 2 of the Project Finance Academy. This module will cover the fundamentals of the oil and gas industry, international best practices, key metrics and due diligence issues. Module highlights include: Varied dimensions of petroleum project financing How the oil/gas/LNG/refining industrys’ cashflows work Reservoir engineering Special petroleum-industry project finance structures
Day 1 Varied dimensions of petroleum project financing Field development (Upstream) Platforms/production facilities Pipelines/oil terminals Refineries/petrochemicals Coal/gas-to-liquids LNG/regasification/shipping How does the oil/gas/LNG/refining industrys’ cashflows work? Converting reservoir engineering and the other 15 risks into cash flows Reserve tail/PV loan life ratios Case study: Indonesian LNG What are the bankers looking for in large scale syndications? Reservoir engineering Seismic studies ‘Proven’ vs ‘Probable’ reserves Production aspects Special petroleum-industry project finance structures Production payments Throughput agreements Hedging/options Royalty trusts Securitisation Tankers Case studies: Centragas: How can high-leverage pipeline infrastructure be funded in the capital markets and cover political risk Ekofisk Pipeline: How far can a borrower push a throughput agreement? Sasol Gas Pipeline: Field facilities enhance this project’s cashflows First International Petroleum Transport: How does Shell spin off six tankers onto the capital markets, firstly as a private placement then as a public issue? Floating-Production-Storage-Offloading (“FPSOs”) Vessels: Novel financing techniques are required in this new financing sector Ras Laffan LNG: The world’s largest Project Finance bond issue at the time even given the political risks PNG LNG: Examine the tranches in this blockbuster deal. Sweet and sour - PFI? Jubilee: How do borrowing bases work?