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Nedbank's Oil and Gas Finance team provides funding to independent and emerging oil and gas companies operating in Africa and Europe. With experienced financiers in London and Johannesburg, Nedbank is well positioned to provide suitable financing solutions for upstream assets.

Nedbank has an established track record in the oil and gas sector, with clients in the mature producing regions of Nigeria, Angola and the North Sea as well as the emerging basins of the Atlantic margin, the East African rift system and the Rovuma basin.
 

We offer advisory and debt capital funding solutions across an extensive range of products. Equipped with a detailed understanding of the individual client’s requirements, we go the extra mile to structure creative solutions that offer alternatives to traditional bank funding.

Reserve-based lending

With this option: 

• Debt facilities are raised against 1P (development) or 2P (producing) reserves;
• Loan availability is driven by cover ratios and technical and price assumptions;
• The flexible structure allows fields to be added or removed from the facility; and
• The term is typically five to seven years. 

Preexport finance

With this option:

• Funding is raised against the forward sale of barrels to be produced in fields with an established production history;
• Debt is repaid by direct sales receipts; and
• The term is typically three to five years. 

Development finance

With this option:

• Funding is raised for late-stage field development projects where suitable completion support and technical due diligence are available.

Gas project finance

With this option:

• Typical project financing can be considered where a suitable long-term gas offtake contract is available.

Revolving credit facilities

With this option:

• Corporate debt facilities are based on balance sheet strength and the underlying portfolio of oil and gas assets.
   

Bruce Stewart

+27 11 294 4481