BPC's energy funds focus on providing hybrid debt and structured equity financing solutions to energy projects and companies on a global basis. The funds target directly negotiated private transactions with mid- and large-cap energy companies and projects with an emphasis on transactions underpinned by hard assets, such as proven oil and gas reserves, pipelines, gathering systems, processing facilities, liquefied natural gas terminals, power plants, alternative energy and similar opportunities. The funds have the ability to invest in U.S. dollars, Euros, Pounds Sterling, Canadian dollars and Australian dollars.
BPC's energy funds focus on providing hybrid debt and structured equity financing solutions to energy projects and companies on a global basis. The funds target directly negotiated private transactions with mid- and large-cap energy companies and projects with an emphasis on transactions underpinned by hard assets, such as proven oil and gas reserves, pipelines, gathering systems, processing facilities, liquefied natural gas terminals, power plants, alternative energy and similar opportunities. The funds have the ability to invest in U.S. dollars, Euros, Pounds Sterling, Canadian dollars and Australian dollars.
Credit/direct lending vehicles have targeted higher credit quality project finance instruments. These vehicles provide senior and high yield loans to energy and infrastructure projects and companies on a global basis. EIG believes that an ability to make senior, longer duration investments provides a competitive advantage, given that many energy and infrastructure assets have long useful lives and often are supported by stable, contracted cash flows.
The preferred investment approach in the power and renewables sectors is through partnerships with strategic sponsors and investors, utilities, construction companies, industrial groups and developers.
BP Co.; seeks investment opportunities with partners who have the expertise, track record, reputation, human and financial resources required to develop successfully, execute and manage their projects but need tailored capital solutions and the financial support from a reliable specialist energy investor. Although BPC’s approach has been focused on single assets and portfolio of assets, we also provide structured capital solutions to asset-heavy corporates. We consider investment opportunities across the project life cycle from late stage development through construction and operations.
Anything from the reservoir under the ground to the pipeline that carries away the product is the focus of BPC’s upstream activities. Our partner has a long history of experience with conventional drilling into conventional reservoirs, horizontal drilling into shales, carbonates or tight sands, enhancing recoveries through water, steam or CO2 flooding of the reservoir, and deep-water infrastructure installations using spars or FPSO’s and subsea completions. Understanding reserves, estimating costs and realizing the importance of execution are the keys to a successful upstream strategy. We believe that our partner has a staff of engineers with industry experience who can understand the risks involved in looking at these types of operations.
Midstream activities are the critical link in the energy value chain, connecting upstream production to downstream end markets. Midstream activities include the gathering, processing/blending, transportation and storage of oil, natural gas and related products. These activities also include liquefied natural gas (“LNG”) liquefaction, transport, and “re-gas” facilities which will require several hundred billion dollars of capital to meet future demand. Transportation infrastructure varies widely by market and may include land-based pipelines, Floating Production Storage and Offloading Vessels (“FPSO’s”), or LNG tankers. As upstream development shifts to new basins, significant midstream infrastructure is required across the world to deliver hydrocarbons to the premium demand markets. As a consequence, the amount of capital spends devoted to midstream relative to upstream spending has increased by over 50% from a decade ago and is expected to continue growing in the years ahead.