RBL lenders worry about more than oil prices
The reserves-based loan is moving outside its heartlands in the North Sea and US, and outside its commercial bank niche. But while oil price falls led to minimal distress in the market, ESG concerns might crimp lender appetites. Proximo talks to Paul Clark of ICBC Standard and Ian Cogswell.
Related from Proximo:
North Sea M&A: Time to buy or sell? Is the heartland of the RBL facing a buyer's market for producing assets?
Udenna nears close on RBL for gas field acquisition. An RBL for an acquisition in Asia-Pacific
Paul Clark, ICBC Standard Bank
Ian Cogswell, Cogswell Consulting