Upstream oil and gas involves the financing of exploration and production activities in relation to oil, gas and condensates. By way of example, SMBC group has played a leading role in the vast majority of the financings for the development of Qatar’s gas and condensate production facilities. Upstream financing also covers associated financing of LNG liquefaction and re-gasification facilities, and other related infrastructure. SMBC group has led many financings in Qatar and Oman in this sector.

SMBC group also has significant activities in the reserve-based lending sector in the North Sea and elsewhere.