Home
overview

 

From its origins in the 13th Century, when the English Crown enlisted a leading Florentine merchant bank to aid in the development of the Devon silver mines; through to the production payment loans used to finance “wildcat” explorers in the Texas & Oklahoma oil fields in the 1930’s; right up to the multi-billion dollar LNG liquefaction Project financings being raised today; Project Finance has been a key tool in the development of the Natural Resources industry.

The International Project Finance Association (“IPFA”) defines Project Finance as “the financing of long-term infrastructure, industrial projects and public services based upon a non-recourse or limited recourse financial structure where project debt and equity used to finance the project are paid back from the cashflow generated by the project.” This workshop will describe what Project Finance is in practice; how it differs from other forms of finance; and explore how it is applied to various sectors of the oil & gas industry.
 

 

• To gain an understanding of the key principles of Project Finance
• Understand the objectives of each of the various parties to a transaction
• Learns how specific financing structures can be developed to suit the specific needs of a transaction in the oil & gas sector
• Understand the importance of cash flow based analysis
• See examples of Project Finance in practice through case study analysis

Workshop programme

8:30 Registration and Coffee

9:00 What is Project Finance?

Ian Cogswell

Ian Cogswell, Managing Director, Head of Natural Resources, NATIXIS
View Bio

• Non-Recourse Financing Fundamentals
• Key Participants   
• A Typical Contractual Framework 
 

9:30 How Project Financing Differs from other Forms of Financing

Helene Boursier

Helene Boursier, Vice President, Natixis

• Key Differences between Project Finance and Corporate Finance
• “Off-Balance Sheet” Financing – what does it mean?
• Pros & Cons of Project Financing   
 

10:00 Project Finance Key Considerations

Ian Cogswell

Ian Cogswell, Managing Director, Head of Natural Resources, NATIXIS
View Bio

• Bankability and Risk Allocation
• Construction Risk & Mitigation   
• Supply (Feedstock) Risk & Mitigation
• Operating Risk & Mitigation
• Offtake Risk & Mitigation 
 

10:30 Coffee Break

11:00 Cashflow Based Analysis

Helene Boursier

Helene Boursier, Vice President, Natixis

• From Revenue Streams to Financial Modelling
• Key Criteria for Lenders   
• The Cashflow Waterfall 
• Debt Profiles & Coverage Ratios 
 

11:30 The Project Finance Process

Ian Cogswell

Ian Cogswell, Managing Director, Head of Natural Resources, NATIXIS
View Bio

• Timeline and Key Parties
• Asset Security   
• Contractual Security 

12:00 Case Studies

Ian Cogswell

Ian Cogswell, Managing Director, Head of Natural Resources, NATIXIS
View Bio

+

FEATURED SPEAKERS

Ian Cogswell

Ian Cogswell

Managing Director, Head of Natural Resources, NATIXIS

Helene Boursier

Vice President, Natixis
Helene Boursier

Ian Cogswell

Managing Director, Head of Natural Resources, NATIXIS
Ian Cogswell

Ian Cogswell joined the NATIXIS Project Finance Group in 2006 and is currently Global Head of the Natural Resources sector.
He has over 20 years banking experience gained at Lloyds Bank, IBJ/Mizuho, and NATIXIS.
Ian has been dedicated to Project Finance for over 17 years and has specialised in the oil & gas sector since 2002.
At NATIXIS, he is responsible for establishing the global strategy for the sector, coordinating the origination and execution of transactions, maintaining relationships with clients and supervising the execution of transactions on which the bank is mandated.
Ian holds a BA (Hons) in Economics and an MSc in Civil Engineering, both from the University of Newcastle upon Tyne, UK. He qualified as a Member of the Chartered Institute of Bankers and the Association of Corporate Treasurers.

Holiday Inn Regents Park

Carburton Street
London W1W 5EE
United Kingdom

Holiday Inn Regents Park

Choose the well-connected Holiday Inn London-Regent's Park hotel, with a superb central London location and speedy transport links. Holiday Inn London-Regent's Park is in a leafy and cosmopolitan area of central London, a 10-minute walk from bustling Oxford Street. Leave your car in our NCP managed underground car park, and explore London by Tube. Great Portland Street Tube station is 25 metres from the hotel, from where you can reach the City and Canary Wharf in 30 minutes, and London Heathrow Airport in 45 minutes.

Wireless Internet is available throughout the hotel, and you can invite up to 300 people to events at the Academy Conference Centre, with an IT technician and break-out zones. Holiday Inn London-Regent's Park is a 10-minute walk from Santander's offices and businesses in the BT Tower. Stroll 5 minutes to Regent's Park, where you'll find London Zoo and pretty Primrose Hill. We're a 10-minute walk from Bond Street boutiques and 20 minutes from Buckingham Palace and cruises on the River Thames.

Ask our Concierge to plan your day out and book West End theatre tickets. Room Service is available 24 hours at Holiday Inn London-Regent's Park, or dine in the vibrant Junction Restaurant. Our Junction Bar has a menu of light bites, and a hot breakfast buffet is served daily.

HOTEL BOOKING FORM

Title

SubTitle
speaker image

Content


Title


Description

Download


WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

Event Title

Headline

Text
Read More

I would like to speak at an event

I would like to attend an event

I would like to sponsor/exhibit at an event

SIGN UP OR LOGIN

Sign up
Forgotten Password?

Contact SMi GROUP LTD

UK Office
Opening Hours: 9.00 - 17.30 (local time)
SMi Group Ltd, 1 Westminster Bridge Road, London, SE1 7XW, United Kingdom
Tel: +44 (0) 20 7827 6000 Fax: +44 (0) 20 7827 6001
Website: http://www.smi-online.co.uk Email: events@smi-online.co.uk
Registered in England No: 3779287 VAT No: GB 976 2951 71




Forgotten Password

Please enter the email address you registered with. We will email you a new password.