Pre-Congress Focus Day - Tuesday, 13 April 2027

FPSO Africa Hotspots

8:15 am - 8:45 am Morning Refreshments & Registration

8:45 am - 8:55 am Welcome Address by FPSO Network

8:55 am - 9:05 am Opening Remarks by Congress Chairperson

Let’s Talk! Key Takeaways & Action Points  We will break into working groups to discuss and deep dive into each topic. There will be one rotation after 25 minutes.


9:05 am - 10:40 am Section 01 | The Modern Bankability Checklist for African Deepwater

- How fiscal terms, reserve life and production profiles affect lenders' debt-service tests.

- What parent support, guarantees and credible project contracts do, or do not, solve. 

- Balance initial capital needs with later-life value and downside risk. 

9:40 am - 10:10 am Industry Thought Leadership

10:10 am - 11:00 am Section 02 | ESG, Emissions and Bankability Without the Greenwashing

- How flare reduction, power design and carbon-intensity plans enter lender due diligence. 
- Apply relevant environmental and social requirements at concept and FEED, not after FID. 
- Compare financing costs and verification demands; do not imply oil and gas routinely qualify for green bonds. 

PROJECT / EXERCISE: Agogo FPSO (Angola): assess its pilot-scale carbon capture and other emissions measures; proposed savings are not presented as verified operating results.

11:00 am - 11:30 am Morning Break & Refreshments

11:30 am - 1:00 pm Section 03 | Alternative Capital: ECAs, DFIs & National Energy Funds

- Structuring multi-currency tranche financing 
- The role of Export Credit Agencies in shielding lenders from shipyard risk 
- Leveraging AfDB, Afreximbank and NOC equity syndication 

Simulation: The Multi-Tranche Deal Room: delegates split into commercial banks, DFIs, and operator CFOs to negotiate a blended financing package for a mock deepwater project to reach FID 


1:00 pm - 2:00 pm Networking Lunch Break

2:00 pm - 3:00 pm Section 1 | Commercial Models: Lease-and-Operate vs. EPCIC

- Why capital-constrained operators are re-evaluating ownership models 
- Trade-offs between contractor leasing and operator ownership in Africa 
- How contractor balance-sheet strength affects long-term lease stability 

Reference Case: Yinson Production's lease-and-operate charter model on Agogo FPSO 

3:00 pm - 3:45 pm Section 2 | High-Stakes Risk Allocation & Inflation Mitigation

- Structuring price escalation clauses tied to steel and raw material indices 

- Defining force majeure in a saturated shipyard market 

- Liquidated damages vs. performance incentives

Simulation: The Saturated Yard Negotiation: delegates pair up as IOC procurement directors and EPCIC yard representatives to negotiate risk-sharing on a live cost and schedule shock 

3:45 pm - 4:15 pm Afternoon Break & Refreshment

4:15 pm - 4:45 pm Section 01 | Is Gas Bankable Too? FLNG Financing Compared

- Contrast gas supply, LNG offtake and repayment risks with an oil-FPSO lease 
- Exercise: identify which contracts and credit support a lender must see before commitment. 
- Review what Coral South's operating precedent and Coral North's sanctioned development can teach lenders. 

Case Study: Coral South FLNG (Mozambique): How ENI and its partners (ExxonMobil, CNPC, Galp, KOGAS, ENH) structured financing for Africa's first deepwater FLNG, now producing 3.4 mtpa. 

4:45 pm - 5:30 pm Section 02 | Contracting for Mobility | Redeployment & Equity in FLNG

- Allocate liabilities when a vessel finishes one charter and prepares for a new country. 
- Debate class, upgrade, performance and restart responsibilities before the next charter. 
- Explore how state and national-company equity affects a proposed gas project before FID. 

PROJECT / EXERCISE: Apply a contract-risk matrix to a hypothetical FLNG redeployment and proposed state-equity structure.

5:30 pm - 5:30 pm Closing Reflections