Specialised Assets Lending In The Nigerian Upstream Oil and Gas Industry

The oil and gas business is an extensive, complex, worldwide industry with extremely diverse risks; especially in relation to the upstream sector, where operations are very capital intensive. Indeed, conventional lending options do not readily provide the necessary financial backing in some cases, and commercial lenders may not always be keen to finance upstream activities. For companies with less cash to fund their projects, securing financing that are not accompanied by high interest rates for loan servicing, becomes a key concern.