NOV 2016

CONFERENCE:

21-22WORKSHOP:

23

Holiday Inn Kensington Forum, London, United Kingdom

www.projectfinance-oilgas.comRegister online or fax your registration to +44 (0) 870 9090 712 or call +44 (0) 870 9090 711

SPECIAL RATES AVAILABLE FOR OIL & GAS/PUBLIC SECTOR COMPANIES

FEATURED TOPICS 2016:

• How does the economic cycle give rise to new opportunities?

• Rating oil and gas companies in a volatile climate

• Challenges for export credit agencies and risk appetite in tumbling markets

• Genel Energy on risk management in challenging environments

• LNG Projects in the Nordic countries

• Bank considerations for project financing in Africa

SMi presents the 3rd annual conference on…

Project Financing in Oil and GasImplementing robust and lucrative financing structures and strategies in an increasingly volatile market

BOOK BY 30TH JUNE AND SAVE £400 • BOOK BY 30TH SEPTEMBER AND SAVE £100

@SMiGroupEnergy#PFoilgas

CHAIRS FOR 2016:

FEATURED SPEAKERS:

• Ben Monaghan, Chief Financial Officer, Genel Energy

• Tom Tildesley, Chief Finance Officer, Maersk Oil North Sea UK Limited

• Caroline Smith, Head of Oil, Gas and Petrochemicals

Execution, Sumitomo Mitsui Banking Corporation

• Hugo Diogo, Head of ECT Europe, ABN AMRO Bank N.V.

• Brian Marcus, Director, Oil and Gas Project and Export

Finance, Standard Chartered Bank

An examination of project finance and RBL finance for oil and gasHosted by: Tim Pipe, Partner, Dentons

Alistair Black, Partner, Dentons

8.30 – 12.45

PLUS AN INTERACTIVE HALF-DAY POST-CONFERENCE WORKSHOPWEDNESDAY 23RD NOVEMBER 2016, HOLIDAY INN KENSINGTON FORUM, LONDON, UK

Raj Kulasingam, Senior Counsel, Energy and Infrastructure, Dentons

Tim Pipe, Partner, Dentons

Project Financing in Oil and Gas Day One | Monday 21st November 2016

8.30 Registration and Coffee

9.00 Chairman’s Opening RemarksTim Pipe, Partner, Dentons

OIL AND GAS FINANCING IN A CHALLENGING CLIMATE

OPENING ADDRESS 09.10 CASE STUDY: Financing a major gas project in a challenging climate

• Capital development: Methods used by Maersk Oil• Working with the government and minimising political

risk• Overcoming the challenge of a constrained supply

chainTom Tildesley, Chief Finance Officer, Maersk Oil North Sea UK Limited

PANEL DISCUSSION:09.50 How does the economic cycle give rise to new opportunities?

• What are the recent economic developments in the oil and gas sector and how do they effect project financing?

• What is the current state of market in the oil and gas sector?

• Where is the market going and what can realistically be predicted?Tim Pipe, Partner, DentonsChristian Svendsen, Head of Strategy and Planning, Dong E&P UKCharles Lesser, Managing Director, Macquarie GroupSven de Veij, Head of Oil and Gas Services, NIBC Bank

10.30 Morning Coffee

11.00 Case study: Downstream project financing in turbulent times

• Structuring a project in a low oil price environment• Approach of ECAs to oil price risk• Impact of sanction on multi-ECA projects Caroline Smith, Head of Oil, Gas and Petrochemicals Execution, Sumitomo Mitsui Banking Corporation

11.40 Financing domestic gas projects in emerging markets• How to structure transactions to reduce credit risk• What needs to be put in place for transactions to work

out• Taking a look at relevant case studies in the Middle EastIgnacio Calonje, Chief Investment Officer, International Finance Corporation

12.20 Networking Lunch

13.20 The role of Capital Markets for Energy Projects

• Assessing debt and equity market access

• Long term alternatives to bank funding

• Taking a look at relevant case studies

Managing Director, Head of Oil and Gas and Utilities,

Santander Corporate and Investment Banking

LOCATING AND MINIMISING RISK

14.00 Case study: Risk management in challenging

environments

• Developing a world scale gas project

• Managing market communications

• Navigating regional political risk

Ben Monaghan, Chief Financial Officer, Genel Energy

14.40 Rating oil and gas companies in a volatile climate

• Fitch’s approach: Rating through the cycle

• Achieving investment grade

• Case studies of interest

Jelena Babajeva, Director in EMEA Infrastructure and

Project Finance Group, Fitch Ratings

15.20 Afternoon Tea

15.50 Challenges for export credit agencies and risk appetite in

tumbling markets

• How do Export Credit Agencies asses and manage their

risk capacity – especially in emerging markets?

• Correlations between oil/gas price and project

financing risk capacity

• Looking towards future developments in ECA financing

David Craig, Manager, Project and Structured Finance,

UK Export Finance

16.30 Project financing for new technologies

• Understanding perspectives from a non-project team

point of view

• Establishing technology/project credibility

• Socialising the risk to lenders

Malcolm Wells, Director, Malwell Corporate Projects Ltd

17.10 Chairman’s Closing Remarks and Close of Day One

OFFICIAL PUBLICATIONSOFFICIAL MEDIA PARTNERS

Register online at www.projectfinance-oilgas.com

SPONSORSHIP OPPORTUNITIESSMi offer sponsorship, exhibition, advertising and branding packages, uniquely tailored to complement your company’s marketing strategy. Should you wish to join the increasing number of companies benefiting from promoting their business at our conferences

please call: Andrew Gibbons on +44 (0) 20 7827 6156 or email agibbons@smi-online.co.uk

Martin McAspurn-Lohmann,

Project Financing in Oil and GasDay Two | Tuesday 22nd November 2016

8.30 Registration and Coffee

9.00 Chairman’s Opening RemarksRaj Kulasingham, Senior Counsel, Energy and Infrastructure, Dentons

REGIONS OF PARTICULAR INTEREST

OPENING ADDRESS 9.10 Bank considerations for project financing in Africa

• Key oil and gas industry themes• The corporate landscape and funding challenges• Key risk considerations• Key enablers to financingBrian Marcus, Director, Oil and Gas Project and Export Finance, Standard Chartered Bank

9.50 Opportunities and threats in the Iranian energy sector• Taking a look at new upstream regime• Undertaking effective business in Iran• Overcoming financing issuesHumphry Douglas, Partner, Dentons

10.30 Morning Coffee

FINANCING STRUCTURES

11.00 Deciding on the best structure when financing oil and gas projects

• What are the main financing structures?• Comparison of relevant case studies• How to decide which is most appropriateIan Cogswell, Managing Director, Head of Natural Resources, Global Infrastructure and Projects, Natixis

PANEL DISCUSSION:11.40 What are the key considerations for project finance?

• What are the best ways to calculate bankability and allocate risks?• What are the key construction risks and how can these

be mitigated?• What are the supply, operating and offtake risks to be

considered? Raj Kulasingam, Senior Counsel, Energy and Infrastructure, DentonsBrian Marcus, Director, Oil and Gas Project and Export Finance, Standard Chartered BankIan Cogswell, Managing Director, Head of Natural Resources, Global Infrastructure and Projects, NatixisLukasz Dziekonski, Chairman of the Management Board, Marguerite Fund

12.20 Networking Lunch

13.20 An examination of finance structures for the gas sector

• Equity investments in the gas sector

• Role of the infrastructure funds in the gas transmission

and generation projects

• Example of the ‘Latvia Gas’ investment

Lukasz Dziekonski, Chairman of the Management Board,

Marguerite Fund

14.00 Investment opportunities for infrastructure funds in the oil

and gas sector

• Opportunities created by the drop in oil price

• Emerging opportunities in investing in energy-related

assets

• What infrastructure funds are seeking from an

investment in the oil and gas sector

Edward Winter, Senior Vice President, Macquarie Group

14.40 Afternoon Tea

PROJECT FINANCING IN LNG

15.10 Mitigating financial risk for LNG projects

• Similarities between traditional FPSO finance and FLNG?

• Is FLNG a more bankable option than onshore LNG?

• Gaining confidence in realistic forecasts of capital and

operating costs

• Examining what the industry needs in order to restore

confidence in investment

Hugo Diogo, Head of ECT Europe, ABN AMRO Bank N.V.

15.50 LNG Projects in the Nordic countries

• Trends and regulation affecting the financing LNG

terminals

• Natural gas as part of the energy mix in the Nordic

countries

• Third party access to off grid and on grid LNG terminals

• Risk matrix in Nordic LNG terminal projects

Laura Huomo, Counsel, Roschier

5.10 Chairman’s Closing Remarks and Close of Day Two

Supported by

Alternatively fax your registration to +44 (0)870 9090 712 or call +44 (0)870 9090 711

MARKETING OPPORTUNITIES

Want to know how you can get involved? Interested in promoting your services to this market?

Contact Anna Serazetdinova on +44 (0)20 7827 6180 or email aserazetdinova@smi-online.co.uk

Overview: This interactive workshop aims to examine and demystify project finance and reserve-based lending for the financing of upstream oil and gas projects. Tim and Alistair are financing lawyers with long experience in the oil and gas sector in many jurisdictions.

Why should you attend this workshop:This workshop will give you a clear understanding of how lenders and other providers of finance look to structure loans to upstream oil and gas borrowers from development to production.

Agenda:

8.30 Registration and Coffee9.00 Opening remarks and introductions9.10 Session 1 - What are project finance and RBL finance?

• Non-recourse/limited-recourse financing fundamentals

• Key participants• Typical contractual frameworks

9.30 Session 2 - How project financing and RBL finance differ from other forms of financing

• Key Differences between Project Finance and Corporate Finance

• “Off-balance sheet” financing - what does it mean?

• Pros & cons of project financing and RBL finance10.00 Session 3 - Project Finance Key Considerations

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

10.30 Coffee11.00 Session 4 - Cashflow based analysis

•From revenue streams to financial modelling• Key criteria for lenders• The cashflow waterfall• Debt profiles & coverage ratios

11.30 Session 5 - The project finance process • Timeline and key parties• Asset security• Contractual security

12.00 Session 6 - Case studies12.45 Closing Remarks

About the Workshop Hosts:Tim is a partner in Dentons’ banking department, based in London. He specialises in the energy sector and has advised lenders, borrowers, commodity traders, sponsors and governments on a range of structured oil & gas and commodity finance transactions, with a particular focus on reserve based lending and prepayment facilities.

Alistair is a partner in Dentons’ London office, specialising in the development and financing of major energy projects. He has particular experience advising sponsors, bidders and lenders within the power, oil and gas, LNG and petrochemicals sectors, across all elements of the value chain (from construction through trading). He has worked across Europe, the Middle East and Africa, with a particular focus on East Africa, CEE and the UAE. About Dentons:Dentons is a global law firm with a market-leading energy practice. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world’s largest law firm, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com

HALF-DAY POST-CONFERENCE WORKSHOPWednesday 23rd November 2016,

Holiday Inn Kensington Forum, London, UK8.30 - 12.45

An examination of project finance and RBL finance for oil and gas

Hosted by Tim Pipe, Partner, Dentons

Alistair Black, Partner, Dentons

SMi Satellite and CommunicationsEvent PlannerSMi ENERGY PLANNER 2016

For more information visit: www.smi-online.co.uk

JUNE 2016

Gas Storage and Transmission

15th June – 16th June 2016

London, United Kingdom

Meter Asset Management

20th June – 21st June 2016

London, United Kingdom

Oil and Gas Cyber Security Europe

27th June – 28th June 2016

Amsterdam, Netherlands

OCTOBER 2016

Gas to Liquids

12th October - 13th October 2016

London, United Kingdom

NOVEMBER 2016

Project Financing in Oil and Gas

21st November – 22nd November 2016

London, United Kingdom

DECEMBER 2016

Energy from Waste

8th December – 9th December 2016

London, United Kingdom

PROJECT FINANCING IN OIL AND GAS Monday 21st - Tuesday 22nd November 2016, Holiday Inn Kensington Forum London, United Kingdom Workshops: Wednesday 23rd November 2016

4 WAYS TO REGISTER

FAX your booking form to +44 (0) 870 9090 712

PHONE on +44 (0) 870 9090 711

ONLINE at www.projectfinance-oilgas.com POST your booking form to: Events Team, SMi Group Ltd, 2nd Floor South, Harling House, 47-51 Great Suffolk Street, London, SE1 0BS

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DOCUMENTATIONI cannot attend but would like to Purchase access to the following Document Portal/Paper Copy documentation. Price Total□ Access to the conference documentation

on the Document Portal £499.00 + VAT £598.80□ The Conference Presentations – paper copy £499.00 - £499.00

(or only £300 if ordered with the Document Portal)

PAYMENT

□ Book by 30th June to receive £400 off the conference price

□ Book by 30th September to receive £100 off the conference priceEARLY BIRD DISCOUNT

VATVAT at 20% is charged on the attendance fees for all delegates. VAT is also charged on document portal and literature distribution for all UK customers and for those EU customers not supplying a registration number for their own country there.

CONFERENCE PRICES GROUP DISCOUNTS AVAILABLE

I would like to attend: (Please tick as appropriate) Fee TOTAL

COMMERCIAL ORGANISATIONSL ORGANISATIONS□ Conference & 1 Workshop £1898.00 +VAT £2277.60

□ Conference only £1299.00 +VAT £1558.80

□ 1 Workshop only £599.00 +VAT £718.80

OIL & GAS/PUBLIC SECTOR COMPANIES ORGANISATIONS□ Conference & 1 Workshop £1498.00 +VAT £1797.60

□ Conference only £899.00 +VAT £1078.80

□ 1 Workshop only £599.00 +VAT £718.80

PROMOTIONAL LITERATURE DISTRIBUTION □ Distribution of your company’s promotional literature to all conference attendees £999.00 +VAT £1198.80

The conference fee includes refreshments, lunch, conference papers, and access to the Document Portal. Presentations that are available for download will be subject to distribution rights by speakers. Please note that some presentations may not be available for download. Access information for the document portal will be sent to the e-mail address provided during registration. Details are sent within 24 hours post conference.

VENUE

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Holiday Inn Kensington Forum,97 Cromwell Road, London , SW7 4DN