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

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

03 Sep 2019, 14:30 - 16:45

Room 2a
Language:
English

Keynote Address: Tom Honan, CFO, Worley - “Effective Business Management in a Dynamic Energy, Chemicals and Resources World”

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.

 

Session Managers and Moderators: Jim Lenton, MD Integrated Solutions, Worley and Paul Williams, UK Business Manager, Premier Oil           

 

 Speakers

 

  • Guy Appleton, Finance & Growth Director, Kellas Midstream
  • Karen Boesen, Finance Director of Total E&P UK
  • Espen Kvilekval, Global Head of Oil & Gas, DNB Bank ASA
  • Scott McGinigal, VP Business Services, CNOOC

 

Contributors

  • Tom Honan

    Key Note Speaker

    CFO

    Worley

    Joining Worley on 1 December 2015, Tom is accountable for finance, information management, assurance, development, communications and investor...

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