Oil & Natural Gas Special Interest Group
A community for process professionals

Beyond Engineering: Design and Execution of Financed Capital Projects

Date From: 19 April 2016
Location: United Kingdom
Description: Aimed at all levels of those involved in capital project execution where project finance plays a key part.
Event Type: Special Interest Groups
Venue: Portland Place, London
Organiser: Oil and Natural Gas Special Interest Group
Contact Name: Cassandra Sutcliffe
Contact Phone: +44 (0)1788 534482
Contact Email: csutcliffe@icheme.org

Book Event

The purpose of this seminar is to familiarise engineers and project managers with the key aspects of executing capital projects that are financed rather than paid for from the owner's balance sheet. Project finance (PF) brings the need to meet the requirements of many stakeholders including those providing the money.

The seminar will comprise 4 sessions:

  • why companies use project finance and do not always pay from their balance sheet
  • the structuring of projects that require project financing which includes the interests of all the stakeholders
  • the process of organising the finance, the steps taken from initial contact through securing the loan to payment and completion
  • the project execution process with PF covering the stakeholder-engineering relationship and the various validation steps including due diligence.

Programme

10:00  Introduction, Brian Songhurst, Oxford Institute of Energy Studies

10:15  Session 1 - The Need for Financing Capital Projects, tbc
Discuss why energy companies take the project financing route and the decision process followed. Explore the advantages and disadvantages (e.g. more stakeholders will add complexity to the decision making process, cost and schedule). Look at the initial approach to arranging finance and the parties involved.

11:00   Session 2 - Structuring Projects for Project Financing, Andrew Lee, Societe General
Projects that require financing need to be structured in a different manner than on-balance sheet projects. The structure needs to include the interests and needs of all the stakeholders and the necessary communication and reporting lines between them.

12:15   Buffet lunch

13:00   Session 3 - The Project Finance Lending Process, Robert Clews, Sumitomo Mitsui Banking Corporation
The processes followed for arranging the financing from conception to completion. This will cover the various tasks and the requirements of each stage of the process including the approval processes. It will include the roles of the advising, arranging and lending banks and how they interact. It will include the various processes for validation including due diligence at each step to assure the lenders that all their requirements are being met and what happens if not.

14:30  Session 4 - The Impact on the Project Execution Process, Sailesh Patel, Technical Advisor
This session will bridge the financing and engineering process and discuss the impact on the project execution team. This will centre on the due diligence process but include other requirements including: design basis and design margins, warranties, equipment suppliers requirements/conditions, construction requirements, schedule guarantees, budget control, resolution of issues, local content and supplier restrictions regarding funding e.g. export/import banks

15:45  Summary and close, Brian Songhurt, Oxford Institute of Energy Studies

Fees

£100 + VAT for Special Interest Group members
£125 + VAT for non-members
£42 + VAT for student (student registrations must be from IChemE or SIG members)

Book your place >>>

(Please note that if you are a non-member, you should leave the additional information section clear)

Venue

IChemE, One Portland Place, London, W1B 1PN

One Portland Place is located at the heart of central London, just a few minutes walk from Oxford Circus underground station.

Map and directions are available here >>>

 

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IChemE is a registered charity in England & Wales (214379), and a charity registered in Scotland (SC 039661).