Reserve based lending: the fundamentals | Practical Law

Reserve based lending: the fundamentals | Practical Law

This note looks at reserve based lending (RBL) structures used to finance upstream oil and gas projects. It provides a general introduction to the use of RBL structures and outlines the key features of an RBL financing. It also describes the diligence and reserves reporting required to make the financings work and outlines the usual security package and account structure supporting a typical RBL facility.

Reserve based lending: the fundamentals

Practical Law UK Practice Note w-026-2906 (Approx. 22 pages)

Reserve based lending: the fundamentals

by Tom Bartlett, a partner at Latham & Watkins, and Radhika Wason, an associate at White & Case
MaintainedEngland, Wales
This note looks at reserve based lending (RBL) structures used to finance upstream oil and gas projects. It provides a general introduction to the use of RBL structures and outlines the key features of an RBL financing. It also describes the diligence and reserves reporting required to make the financings work and outlines the usual security package and account structure supporting a typical RBL facility.