TECHNICAL SUPPORT SOLUTIONS FOR OIL AND GAS CONTRACTS:

This solution is aimed at small contracts and subcontracts in the oil and gas sector.

It is geared to support purchase orders of goods/services contracts through comprehensive partnership with the contractors and subcontractors up to a maximum of $500,000.00.

FEATURES

  • Self-liquidating Transaction, i.e., the contract pays off the facility.

  • Contract/Transaction cycle of 30 – 120 days.
  • Cost reduction by direct approach to the beneficiaries of the goods and services by Sky Enterprises
  • Seamless collateral arrangement via domiciliation to an account nominated by Sky Enterprises for the receipt of the proceeds of the project/contract.
  • Registration & Annual fee applies.
  • For additional features please contact us

OTHER FEATURES

  • Other forms of guarantees may be deemed necessary based on the risk assessment of the transaction. Such assets include: fixed and floating debentures of assets, shares, etc.

PRODUCT PROCESS

  • Customer identification and profiling
  • RAC* and KYC** by Sky Enterprises.
  • Registration for Technical Partnership.
  • Conditional offer issued within 72hrs. 
  • Documentation processed for final approval within 72hrs.
  • Contract Execution.
  • Contract completion and payment is made to Sky Enterprises nominated/controlled account.

REQUIRED DOCUMENTATION FROM CLIENT UPON REGISTRATION.

  • Signed contract and technical documents pertaining to the transaction
  • At least 3 years of financial statements (audited or management)
    Application letter

  • Full details of good/services involved in the transaction

  • Domiciliation letter or letter of lien on proceeds account (Format provided by Sky Enterprises) Personal
  • Guarantee for full principal and interest + Notarized Statement of net-worth of 2 directors, one of which must be the beneficial owner of the business (Format provided by Sky Enterprises)

BENEFITS

  • Access to quick support
  • Enhanced reputation as quality of goods and services are assured as procurement will be from reputable sources who will provide product warranty
  • Added benefit of enjoying specialized services, e.g., funds disbursement to designated recipient
  • Zero associated costs on payments directly to goods/service supplier.
  • Accessibility to other Sky Enterprises products and services

QUALIFYING CLIENTS

  • Subcontractors to IOCs***
  • Renowned marginal field operators, mid-stream operators and downstream players

*RAC –    Risk assessment criteria

**KYC –   Know your client

***IOC – International Oil Companies

Contact for Free Consultation