Finance: New Start Ups – Project Finance – New Market Entrants

Finance: New Start Ups – Project Finance – New Market Entrants

03 Sep 2019, 14:30 - 16:30

Room 2a
Language:
English

The UK Continental Shelf is at a turning point where over the past 50 years of "traditional" Exploration & Production companies have been investing in the UKCS which has been financed largely from balance sheet sources. A number of these larger companies with strong balance sheets are exiting in toto or are divesting of selected assets. This changing of the guard & relinquishment of significant infrastructure has led to opportunities for new entrants and established mid to small capitalised companies to increase market share. These opportunities don't come for free and require financing from various sectors - traditional reserve based lending, bank financing and the private equity markets and "non traditional" sources. 

In addition the recent, prolonged, dip in oil price has also brought balance sheet pressure to established small to mid cap independent oil companies which has required refinancing arrangements to be established along with an innovative approach to financing projects and investments. 

This session is designed to explore the different opportunities have been created, the approaches to solve problems and how these could be used in the future and/or what the future holds as we approach 2020.

 

Contributors

  • Paul Williams

    Chairperson

  • Jim Lenton

    Chairperson

  • Espen Kvilekval

    Speaker

    Global Head of Oil & Gas

    DNB Bank ASA

  • Scott McGinigal

    Speaker

    VP Business Services

    CNOOC

  • Karen Boesen

    Speaker

    Finance Director

    TOTAL E&P UK Ltd.

  • Guy Appleton

    Speaker

    Finance & Growth Director

    Kellas Midstream

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