1. NOV
2016
CONFERENCE:
21-22
WORKSHOP:
23
Holiday Inn Kensington Forum, London, United Kingdom
www.projectfinance-oilgas.com
Register 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 Gas
Implementing 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 gas
Hosted by: Tim Pipe, Partner, Dentons
Alistair Black, Partner, Dentons
8.30 – 12.45
PLUS AN INTERACTIVE HALF-DAY POST-CONFERENCE WORKSHOP
WEDNESDAY 23RD NOVEMBER 2016, HOLIDAY INN KENSINGTON FORUM, LONDON, UK
Raj Kulasingam, Senior
Counsel, Energy and
Infrastructure, Dentons
Tim Pipe, Partner,
Dentons

2. Project Financing in Oil and Gas
Day One | Monday 21st November 2016
8.30 Registration and Coffee
9.00 Chairman’s Opening Remarks
Tim 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
chain
Tom 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, Dentons
Christian Svendsen, Head of Strategy and Planning,
Dong E&P UK
Charles Lesser, Managing Director, Macquarie Group
Sven 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 East
Ignacio 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
Section reserved for: Martin McAspurn-Lohmann,
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 OPPORTUNITIES
SMi 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

3. Project Financing in Oil and Gas
Day Two | Tuesday 22nd November 2016
8.30 Registration and Coffee
9.00 Chairman’s Opening Remarks
Raj 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 financing
Brian 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 issues
Humphry 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 appropriate
Ian 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,
Dentons
Brian Marcus, Director, Oil and Gas Project and Export
Finance, Standard Chartered Bank
Ian Cogswell, Managing Director, Head of Natural
Resources, Global Infrastructure and Projects, Natixis
Lukasz 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

4. 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 Coffee
9.00 Opening remarks and introductions
9.10 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 finance
10.00 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 Coffee
11.00 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 studies
12.45 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 WORKSHOP
Wednesday 23rd November 2016,
Holiday Inn Kensington Forum, London, UK
8.30 - 12.45
An examination of project finance
and RBL finance for oil and gas
Hosted by
Tim Pipe, Partner, Dentons
Alistair Black, Partner, Dentons

5. SMi Satellite and Communications
Event 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

6. PROJECT FINANCING IN OIL AND GAS
Monday 21st - Tuesday 22nd November 2016, Holiday Inn Kensington Forum London, United Kingdom Workshops: Wednesday 23rd November 2016
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Holiday Inn Kensington Forum,
97 Cromwell Road, London , SW7 4DN