Creative and flexible funding for offshore contractors
The global energy sector operates in a highly dynamic and competitive business environment. The total offshore capital expenditures of oil and gas companies are expected to exceed USD 270bn year-on-year by 2018, Cornelie Goedhuis, Global Head – Natural Resources, ING Bank, says.
“So while the size and complexity of offshore projects are growing, raising the required financing is becoming more crucial than ever before. Offshore contractors demand creative solutions and flexible funding to secure swift delivery and seamless execution for their off-takers. We have seen an increased liquidity in the markets and there are several funding sources for the clients to select from. At the same time, the current volatility and increasing regulations mean you need to be smart when undertaking major investments that require financing,” Ms. Goedhuis, adds.
ING has financed the Offshore Services market for over 20 years. This is once more recently confirmed by its number 1 position as Global Bookrunner for syndicated loans in this sector for 2013.
Come to meet the ING team and other Industry Experts at the Drilling and Dollars Panel discussing recent trends and developments within the Offshore Industry:
When: 28 October 2014, 14.00 – 16.00
What: Offshore Energy Exhibition & Conference
Drilling & Dollars Panel ‘Offshore and Finance’
Moderated by Ms. Cornelie Goedhuis – Global Head Natural Resources
- Increasing size and complexity projects
- New frontiers and regulations
- Investing in Offshore projects
- New Sources of Funding
- Optimizing funding mix