In the last decade, Africa’s upstream operations have spread from a historic focus on West Africa to be truly pan-continental. This is being driven by exploration in countries such as Ghana, Mozambique, Tanzania, Kenya and Uganda where new oil and gas reserves have been discovered. Exploration also continues in Botswana, Namibia, South Africa and beyond.
With the latest iteration of South Africa’s Mineral and Petroleum Resources Development Act expected to be completed by the end of 2017 and the Integrated Energy Resource Plan nearing completion, South Africa is set to leverage its largely unexplored and underdeveloped oil and gas sector to re-ignite growth able to drive broad and inclusive participation across the entire economy. To find out more about hydro-carbons being a potential game-changer for growth and transformation, click here.
December 14th 2017 saw Financial Close on the Burgan Cape Terminals (“BCT”) 118,000m3 Fuel Storage Terminal Project situated in the Cape Town Harbour. This is a landmark project for South Africa, given it is the country’s first scale fuel product import and storage terminal. Standard Bank South Africa acted as sole Mandated Structurer, Arranger and Lender, for one of the African continent’s first independent storage terminal project financings. The project lead sponsor is the Dutch based global Storage Terminal specialist, VTTI (a Vitol group entity) together with local partners Thebe and Jicaro. Given its first of a kind nature, the transaction involved a number of regulatory and structuring considerations to be overcome.
We offer a comprehensive suite of solutions for the oil and gas sector across:
Backed by experienced teams in our Investment Banking division, we offer a suite of investment banking and advisory services. Our sector specialists prepare customised offerings to suit the clients’ needs in the oil and gas sector, in areas like reserve-based lending and commodity-rated financing structures.
Global Markets solutions
Among Global Markets’ product suite, we trade foreign exchange and commodities, and deliver appropriate hedging policies focused on the needs of clients in the oil and gas sector.
Our sector specialists work with experts in Standard Bank’s Transactional Products and Services division to provide working capital, cash management and forex solutions to support our clients.
Extensive presence in Africa – our on-the-ground presence in primary economies, from Ghana to Mozambique, gives us unmatched access to policy and decision makers who drive the development of the industry.
Balance sheet strength – we have balance sheets in all of these markets to support the operations of our clients.
Structured and customised solutions – We provide world-class sectoral structuring competencies where we leverage our understanding of common themes in the sector and customise each deal appropriately.
Ongoing financial support – through our local operations, we provide initial and ongoing financing support, and working capital facilities through our Transactional Products and Services teams. We have a leading forex capability to support the flow of funds across Africa and internationally.
Access international capital – with our presence in key financial centres, we access the most appropriate source of capital for each project, from Beijing to Boston and from London to Lagos.