Funding the Future is the theme of Oil & Gas UK’s breakfast briefing at Aberdeen’s Exhibition and Conference Centre on August 23, sponsored by Deloitte. Speakers experienced in securing funding from new sources will discuss how adopting a fresh approach to financing can help companies overcome tough economic conditions to fuel business growth.
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. It’s more important than ever that firms come together to learn from one another, consider alternative sources of finance, discuss new ideas and help the industry embrace change. Unless industry and the finance community are proactive, a wealth of opportunities could be lost. We look forward to what will undoubtedly be another useful, timely and thought-provoking instalment in Oil & Gas UK’s series of Aberdeen Breakfast Briefings.”
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 Ltd (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.
Following a short networking break after the speakers’ presentations, there will be a panel session. Places at the breakfast can be booked online at the Oil & Gas UK events web page here.
A limited number of free places at the breakfast are available to media. Please contact lgordon@oilandgasuk.co.uk or 01224 577331 to request a place.