Yuzhno-Russkoye – Corporate Finance (Phase 2) – 2018

Key information:

• Phase 2 of development of Yuzhno-Russkoye oil & gas field – Turon project
• Raise of financing for existing production (brownfield) for maintenance of production level
• Sponsors: Gazprom, Wintershall Dea, OMV
• Financial consultant: RPFB

Organizational and financing features:

• Corporate financing transaction with elements of project finance
• Unsecured loan without recourse
• “Cost-plus” formula
• Financing Options Report, Information Memorandum (IM), financial model, coordination of due diligence, preparation of draft Term Sheet, preparation of RfP, selection of Creditor, coordination of Term Sheet and Loan Agreement with creditor, completion of conditions precedent
• Debt financing was raised after reach of production plateau (post-completion)

Yuzhno-Russkoe 2 – financing structure