Investment Funding in the Oil & Gas Industry

GIP/IFI

Who should attend?

  • This course initiates participants to the objectives and methods of companies’ financial management and their application to investment projects funding in the Oil & Gas industry.
Audience :
  • This course is aimed at finance staff taking responsibilities in Financing/project funding; technical staff, economists involved in project management and wishing to better understand financing constraints.

Level : Foundation

Course Content

  • FINANCIAL MANAGEMENT OF A COMPANY

      • Definition, objectives and methods.
      • Estimating short, medium and long term financing requirements.
      • Key factors determining a company’s optimal financial structure.
  • MEETING FINANCING NEEDS

      • Own funds: equity and quasi equity.
      • Debt structure choice.
      • Borrowings, direct market access.
  • FINANCING MAJOR INVESTMENT PROJECTS

      • Long term financing.
      • Risk and guaranties.
      • The lender’s view point.
      • Bonds and other corporate financing options.
  • PROJECT FINANCING

      • Definition.
      • Pros and cons.
      • Criteria for choosing to go for project financing or not.
      • Examples of successes and failures.
      • Financing restructurings.
  • IMPACT OF PROJECT SPECIFIC FINANCING ON ECONOMIC EVALUATION

      • Geared vs. ungeared economics.
      • Financial leverage.
  • CASE STUDY AND EXERCISES

      • Participants will work on case studies and exercises along the course.

Learning Objectives

  • Upon completion of the course, participants will be able to:
  • identify the funding requirements of a company,
  • choose an optimal combination of financial resources,
  • understand the criteria for choosing how to fund a major investment project,
  • understand the impact of funding decisions in investment evaluation.

Ways & Means

  • Case studies and exercises.