A seminar to look at how the cash-strapped oil and gas industry can find fresh finance will take place in Aberdeen later this month.
Trade body Oil & Gas UK (OGUK) has chosen the theme “Funding the Future” for its next breakfast briefing at Aberdeen’s Exhibition and Conference Centre (AECC) on August 23.
Derek Henderson, senior partner for Deloitte in Aberdeen, said: “Restricted access to capital can be a major obstacle for oil and gas companies to overcome – particularly in the current challenging climate.
“Unless industry and the finance community are proactive, a wealth of opportunities could be lost.”
Tom Wheeler, head of commercial, Oil and Gas Authority (OGA), will outline the OGA’s role and how it engages with owners, operators, prospective developers and contractors on strategies to maximise economic recovery from the UK Continental Shelf (UKCS).
Faroe Petroleum’s chief executive, Graham Stewart will provide insight into how an independent oil and gas operator finds innovative methods to finance exploration, appraisal and production activities in both Norway and the UK.
Richard Knox, managing director of East Coast Oil and Gas Engineering (EC-OG), will explain how he was successful in gaining funding from new investors including outsourcing specialist, Castle View Ventures, to back his company’s plans to develop and commercialise technology aimed at changing the economics of subsea power generation.
The outlook for investment and growth provides the theme for William Dowson, the Bank of England’s agent for Scotland, who will share with delegates both an updated economic profile of the business community and an insight into prevailing business conditions.
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