Canonical: https://unicorncurrencies.com/industries/oil-gas-equipment/

# Intelligence: Oil & Gas Equipment

## Pain Points

- Project-based payments (multi-year)

- High compliance requirements

- Multi-party transactions (operators, contractors)

- Currency hedging essential

## Solutions (Unicorn Currencies)

- Large transaction support

- Multi-year FX hedging

- Enhanced due diligence for compliance

- AED local account for Middle East

## Payment Profile

- **Timing:** Project milestone payments (quarterly). Long terms: Net 90-180 days standard. Progress certificates required before payment release.

- **Settlement priority:** MODERATE: Large transactions planned well in advance. Compliance clearance more critical than speed. Sanctions screening delays expected.

- **Invoice terms:** Net 90-180 standard. Milestone payments per project schedule. Retention (10%) for 12-24 months. Performance bonds required.

- **FX risk:** EXTREME: Multi-year projects in USD, NOK, AED. £500k-£10M transactions. Oil price volatility affects project viability. Forward hedging essential.

- **Cash flow:** Project-driven, oil price dependent. Quarterly milestone payments. Exploration projects front-loaded, production steady. Decommissioning growing.

## Common Documentation

- Project Progress Certificate

- Export License (controlled goods)

- End-User Certificate

- OFAC/Sanctions Compliance Declaration

- Insurance Certificate (rig operations)

## Global Network (Top Corridors)

- GBP → USD: USA, Canada — American drilling equipment and services

- GBP → NOK: Norway — Norwegian offshore technology

- GBP → AED: UAE — Middle East oil services

- GBP → SGD: Singapore — Singapore energy trading hub