Exploration and production costs are typically dollar-denominated while local spend sits in rand — we help structure hedges around drilling and development schedules.
E&P costs — rig time, specialist services, imported equipment — are usually dollar-denominated, while local logistics, services and staffing sit in Namibian dollars.
We structure FX exposure management around capital calls and joint-venture funding schedules, which is where much of the currency risk in E&P actually sits.
As projects move from exploration into production, hedging is structured around drilling and development schedules rather than a static programme set at the outset.
Exploration and production companies and their joint-venture partners operating in or funding Namibian oil & gas activity.