Course: FINANCING ENERGY PROJECTS

Course Outline:

Introduction: International Oil and Gas Project Finance Today:

• The Players and Their Roles
• What is the Appeal of this Approach?
• Steps in a Project Financing

Risk Identification and Allocation in Oil Gas and Power Project Financing:

• Different Approaches/Differing Risks
• Pipelines
• Field Development and Platforms
• Production Facilities
• Refineries
• Petrochemical Plants
• Power Plants

Sources of Finance:

• A Financing Checklist
• Domestic Borrowing vs. Loans from
• International Banks
• International Capital Markets: Eurobonds, Private Placements
• Yankee Bonds
• Export Credit Support for Loans and Bonds
• Specialized Agencies: IFC and others
• Leasing
• Equity from Project Sponsors and Others
• Derivatives Usage

Workshop: Cash Flow Modeling and Credit Assessment:

•   Cash Flow Analysis
•   Building a Model: Forecasting Techniques and Limitations
•   Perspective of the Sponsor vs. the Lenders
•   Sensitivity Analysis

Traditional and Contemporary Sources of Finance:

•   Domestic and international bank loans
•   Syndicated Loan Financing: Primary and Secondary Distribution
•   Pricing, Flexibility, Timing
•   What Security Do Banks Want?
•   Offshore Accounts and Trustees
•   Mortgages on Fixed Assets /Contract Assignments

Projects Financed in the Capital Markets:

•   Capital Markets and Oil and Gas Transactions:
•   Rule 144A, Eurobond Financing, Mezzanine Finance
•   Infrastructure Investment Funds
•   Other Sources of Credit Enhancement: Mono-line Insurers
•   Rating Agency Criteria
•   Crude Oil Export Receivables Securitization
•   Using ECAs to Access the Capital Markets

Sources of Risk Support: 

•   Using Export Finance Techniques in Project Finance
•   Guarantees and Insurance
•   Funding and Interest Equalization
•   Bank Incentives Inherent in ECA Programs
•   Costs and Availability

Cross-Border Leasing in Project Finance:

•   Objectives and Structures
•   Costs and Calculations
•   Applications in Project Finance
•   Example: Using Lease Finance for a Power Plant

The Scandinavian Academy for Training and Development employs modern methods in training and skills development, enhancing the efficiency of human resource development. We follow these practices:

• Theoretical Lectures: 
  • We deliver knowledge through advanced presentations such as PowerPoint and visual materials, including videos and short films.
• Scientific Assessment:
  • We evaluate trainees skills before and after the course to ensure their progress.
• Brainstorming and Interaction: 
  • We encourage active participation through brainstorming sessions and applying concepts through role play.
• Practical Cases:
  • We provide practical cases that align with the scientific content and the participants specific needs.
• Examinations: 
  • Tests are conducted at the end of the program to assess knowledge retention.
• Educational Materials:
  • We provide both printed and digital scientific and practical materials to participants.
• Attendance and Final Result Reports:
  • We prepare detailed attendance reports for participants and offer a comprehensive program evaluation.
• Professionals and Experts: 
  • The programs scientific content is prepared by the best professors and trainers in various fields.
• Professional Completion Certificate: 
  • Participants receive a professional completion certificate issued by the Scandinavian Academy for Training and Development in the Kingdom of Sweden, with the option for international authentication.
• Program Timings:
  • Training programs are held from 10:00 AM to 2:00 PM and include coffee break sessions during lectures.

Course Objectives:

Course Goal

Course Objectives

By the end of this course the participant will be able to:

•   Determine steps in a project financing
•   Identify risk and allocate finance in oil gas and power projects
•   Determine sources of finance:
•   Understand  cash flow modeling and credit assessment
•   Be familiar with traditional and contemporary sources of finance
•   Determine sources of risk support
•   Understand the cross-border leasing in project finance

Who Can Benefit?

Project finance managers, credit managers, securities managers, corporate banking officers, financial analysts, strategic planners, senior executives, legal advisors, business analysts, and consultants