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The oil & gas sector plays a vital part in the UK economy and has been a cornerstone of its development over the past 30 plus years. Bank of Scotland has been actively involved in the sector since the development of some of the earliest North Sea fields in the early 1970's.
Our unparalleled track record of delivering tailored financing solutions to our clients is made possible by our team of industry professionals, including reservoir engineers, and experienced bankers. We are also one of the few players to have maintained a constant presence in the sector through all economic cycles, helping secure our reputation as the leading provider of financing to oil & gas companies.
Of course we are not happy to simply sit back and enjoy this reputation within our backyard of the North Sea. Bank of Scotland has developed a proven track record for financing oil & gas assets around the world with current facilities in place supporting customers with assets in over 40 countries around the world.
This appetite is supported by Bank of Scotland offices in Edinburgh, London, Houston and Sydney all of whom offer a dedicated oil & gas team.
Our in-house technical expertise allows us to fully assess the risk profile of companies at the various stages of their life cycles allowing us to fund pre-development, development and production stage companies through a combination of senior, stretch and mezzanine debt each adapted to meet each individual client's needs.
We have an equity investment unit who manage a portfolio of investments complimenting our debt offering and allowing us to stretch our risk appetite and align our interests with client demands. This unit allows us to offer a fully integrated funding solution. Our investment focus is on opportunities in the upstream sector.
In addition to lending to the upstream sector we have expanded our product offering and team expertise to cover the mid and downstream sectors.
We now offer financing across the value chain including transportation, refining, petrochemicals, pipelines, liquefied natural gas, gas storage and metering sectors bringing a holistic approach to financing the oil & gas industry.
The recent increases in demand for oil & gas and the predicted continuation of this trend, especially in developing markets, brings great opportunities along with significant challenges for the industry especially as established regimes, such as the UK, begin to see their resource bases decline.
Bank of Scotland will continue to support the industry by understanding the need for significant investment in discovery, recovery, processing and delivery as well as the need to move into new geographical locations and we will seek to work together with clients to ensure a successful future for the sector.
Please call 0207 758 7526 to discuss any aspect of our oil & gas offering.
Andrew Moorfield, Head of Oil & Gas Finance
The Oil & Gas Finance team is here to advise you.
Call on
0207 758 7526
(Mon-Fri, 9am-5pm).
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