EVOLVING FROM TRADITIONAL CORPORATE AND PRE-EXPORT FINANCE

Historically designed for large E&Ps,  traditional financing techniques are not relevant for smaller / independent E&Ps


Corporate Financing:

  • Not relevant for independents characterized by limited Balance Sheets and P&L accounts and no credit rating
  • Traditional corporate banks are often not comfortable with emerging countries.

Pre-Export Financing:

  • Based only on the exported portion of existing production
  • Small production: facility insufficient to fund asset development
  • Lack of flexibility