Delpos International // Experience // Middle East and Africa





		middle east and africa forest oil oil & gas / south africa Forest Oil and Anschutz Corporation undertook a greenfield development project involving the exploration and production of natural gas reserves in the Ibubhesi gas field, and the construction of a pipeline to Cape Town, South Africa. As a first stage, Forest Oil and its South African partner were to begin producing gas from a portion of this field that will produce 415 bcf of gas over a 10-year period. Initial Project costs were estimated to be $275 million. As part of the development of the project, Delphos International assisted Forest Oil in applying for a $1.3 million cost-sharing grant through the United States Trade and Development Agency ("TDA"). In September of 2002, $650,000 was awarded by TDA to cover half of the costs of determining the technical, economic, and environmental feasibility of the pipeline. petco manufacturing / lebanon PETCO s.a.l. produces high quality PET Preforms, as well as a wide variety of PET bottles, using the latest stretch-blow-mold machines. Delphos International was the financial advisor to PETCO on an expansion project that involved the setting up of a recycling unit, installation of a heat cogeneration facility and plant relocation. Delphos was able to assist in arranging a financial structure for the expansion to include securing senior debt financing from OPIC of $10 million to cover project costs. The project stands to improve the local environment by reducing the burning of fossil fuels and through increased PET recycling. diamond international heavy equipment leasing / cameroon Delphos International is the financial advisor to Diamond International on a heavy equipment rental and leasing business in Cameroon. Delphos International was able to aid Diamond in obtaining a $184,000 grant from the US Trade and Development Agency to fund the completion of a feasibility study, the findings of which are now being used to complete the business plan and financial model. Delphos is currently in the process of creating a financial structure for the business and locating debt financing and equity investors interested in the project. aquaria tourism / israel Delphos International was hired by the Structured Finance Division of the US Ex-Im Bank to act as a financial advisor and provide due diligence services for the Aquaria Ltd project in Israel. This project involved the construction, ownership and operation of a 300-acre theme park near the resort town of Eilat on the Red Sea. As an advisor to Ex-Im Bank, Delphos International analyzed all aspects of the Aquaria project, including evaluating the proposed capital structure, market demand, and determining the probability of default. We also performed a competitive analysis of other theme parks; examined relevant aspects of the host country including historical performance in honoring contracts, rule of law, transparency, and support of development projects in similar industries; and completed a risk assessment that examined security, market, operational, and other related risks, and suggested solutions for risk mitigation. echem chemicals / egypt Delphos International entered into a subcontracting agreement with Granherne Inc. to conduct a feasibility study funded by TDA for Egyptian Petrochemicals Holding - (ECHEM). Delphos acted as the financial analyst for the study of an integrated Methanol/ammonia plant in Northeast Egypt. Financial responsibilities included the completion of a thorough market analysis, development of a pro-forma financial model incorporating sensitivity analyses and revenue forecast analysis, and the development of a preliminary financing plan to achieve ECHEM's primary financing objectives.