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Lloyds List: Financing Offshore Exploration & Production

Published: Jun 27, 2007
What’s the fuss?

The surge in demand for energy coupled with high oil prices has led to a boom in exploration and production. Given that offshore activity is expected to represent 43% of oil production and 83% of gas production by the end of 2008 there is a lot of interest in the offshore market. In addition, as oil and gas prices continue to rise the exploration and production of previously ignored marginal fields is now becoming economically viable, meaning drill ships, production vessels and supply ships are all in demand. While the profits to be gained from traditional ship financing has levelled out, the offshore sector remains buoyant and is seen as a potential growth area with many ship finance banks moving into the market.

Speakers to note:

• Russell G. Bellis, exploration director, ExxonMobil International Limited

• Sarah Kuijlaars, finance director, Shell Nigeria Exploration & Production Company

• Elisabeth Barstad, director, business development, BW Offshore

In a nutshell:

Financing Offshore Exploration & Production, 4th & 5th October 2007. Crowne Plaza London St James, London, UK.

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