01984nmc a2200229 4500 20260520005700.0 260224s xxu CD W938 1 0013960 Mann, Christopher L. 10258 Sullivan & Cromwell 10259 World Petroleum Congress (16th. : 2000 jun. 11-15 : Calgary, Alberta, Canada) 34 WPC (16th.) Clark port Arthur Coker Company Project financing case study 12/09/06 ; 26/08/2003 10 p. Resumen del autor, extraído del trabajo. Christopher L. Mann led Sullivan & Cromwell’s representation of the senior bank lenders, the bond underwriters and the provider of two innovative insurance products for the Port Arthur Coker Company, which was a complex, multi-sourced project financing of a major expansion of a petroleum refinery in Port Arthur, Texas. Mr. Mann's presentation will use the Port Arthur project financing to highlight the advantages and complications associated with the use of project finance as a means of financing major oil and gas projects. Key points of the presentation will include: a background summary of the Port Arthur refinery and the rationale for the Coker Project; reasons to use project finance and the drivers in the Port Arthur Project; risk mitigation and allocation in project finance, with illustrations from the Port Arthur Project; and the financing plan in Port Arthur. Also discussed will be the challenges and solutions particular to the Port Arthur Project, with a focus on refining margin volatility, shared facilities and interdependence with the Clark Refinery, the lack of capacity in bank and bond markets, the role of innovative insurance products, intercreditor issues and bankruptcy remoteness concerns. Sullivan & Cromwell 10259 v. 5, p. 251 Mann, Christopher L. 10258 CONGTP 133726 133726 0 0 0 0 204645 BAAB BAAB CD W938 1 0013960 2026-03-04 200006280 0 CD W938 1 0013960 200006280 2026-03-04 14:03:43 2026-03-04 ARCHIVO