Oil & gas
Oil and gas operators earn in USD, spend in GBP, EUR, NOK, and a dozen other currencies — and face geopolitical risk at every upstream asset. Jackson Swiss Partners delivers the FX hedging, payments infrastructure, and political risk insurance to protect your operating margins from wellhead to balance sheet.
The challenge
The structural mismatch of oil and gas economics is well understood — revenue arrives in USD, but payroll, drilling contracts, equipment leases, and royalties are denominated in GBP, EUR, NOK, AED, and a dozen other currencies. Every rate move directly affects your operating margin.
The double exposure is the real risk: when the oil price falls and USD weakens simultaneously, your GBP-equivalent revenue can compress by 30% or more. A structured FX hedge transforms this from an unpredictable variable into a fixed, manageable cost — letting you plan, budget, and report with confidence.
Earning revenue in USD while paying staff, contractors, and royalty owners in GBP, EUR, NOK, and AED creates a structural mismatch that directly hits operating margins on every rate move.
When oil prices fall and USD weakens simultaneously, the combined compression on GBP-equivalent margin can be catastrophic — a 20% oil price fall plus 10% FX move equals a 28%+ margin hit.
Operating in frontier markets exposes concessions, production licences, and contractual rights to expropriation, political instability, and regulatory change — risks that conventional insurance does not cover.
Core solutions
Lock the GBP or EUR equivalent of your USD lifting payments at the budgeted rate — matched to your production calendar with phased drawdown as oil revenue lands.
Pay drilling contractors, logistics providers, equipment suppliers, and royalty owners in 30+ currencies at institutional rates — replacing costly correspondent banking chains.
Protect upstream concessions, production assets, and contractual rights in politically sensitive geographies — coverage for expropriation, contract frustration, and civil unrest.
Fund equipment procurement, supply chain pre-payments, and project mobilisation with trade finance facilities — bridge the gap between commitment and first oil revenue.
How it works
We map your USD revenue profile and local cost schedule, then structure forward contracts matched to each production lifting date.
Execute international contractor, supplier, royalty, and service payments through our multi-currency payment infrastructure — same-day on major corridors.
Political risk insurance placed across all jurisdictions where assets are held — tailored expropriation and civil unrest coverage per geography.
Consolidated FX exposure reporting across all assets, currencies, and geographies — ready for board, investor, and regulatory reporting.
global annual oil & gas cross-border payment volume
currencies covered for E&P operators worldwide
typical FX drag on unhedged USD-to-GBP operating margins
Why choose JSP
Deep knowledge of USD offtake structures, production-linked hedging, and the specific FX dynamics of oil and gas revenue cycles.
Institutional-grade rates on single payments from $250,000 — significantly better than correspondent banking for large USD transfers.
Specialist broker relationships for frontier market asset protection — expropriation, contract breach, and civil unrest coverage across key E&P geographies.
Same-day settlement on major corridors for contractor, royalty, and supplier payments across all operational jurisdictions.
Draw hedged USD allocations as lifting payments arrive — phased conversion matched to your actual revenue receipt schedule.
Trade finance and FX from one relationship — simplifying procurement funding and currency structuring for major capital projects.
Relevant services
FX Hedging
Forward contracts on USD lifting revenue matched to your production calendar — up to 24 months ahead.
Learn morePayments & Collections
International contractor, supplier, and royalty payments in 30+ currencies at institutional rates, same-day.
Learn moreTrade Finance
Equipment procurement and supply chain finance bridging commitment to first oil revenue.
Learn moreCommon questions from E&P operators, trading companies, and energy funds managing international FX exposure.
We structure forward contracts that lock the GBP equivalent of your expected USD lifting receipts at the budgeted rate. The contracts are sized and timed to your production calendar — so as each USD payment lands from your offtaker, you draw down the hedged allocation and convert at the pre-agreed rate. This helps mitigate the FX variable in your operating margin and gives you certainty for budgeting and investor reporting.
Yes. We can hedge a specific lifting date, a rolling series of liftings, or a full 12–24 month production hedging programme — whatever matches your commercial agreements and budget cycle. For complex structures with variable lifting schedules, we build flexible hedge programmes with partial drawdown and top-up mechanisms so you're never over-hedged on a slow month.
We can place political risk insurance for upstream concessions, production assets, and offtake agreements in frontier and emerging markets. Coverage typically includes expropriation and nationalisation, contract frustration, licence cancellation, civil unrest and political violence, and transfer and convertibility restrictions. Coverage is placed through specialist underwriters with deep energy sector expertise and is tailored to each specific asset and jurisdiction.
We provide a multi-currency payment infrastructure that allows you to send payments to drilling contractors, service companies, royalty owners, and local suppliers in their preferred currency — at institutional FX rates, typically same-day on major corridors. This replaces the correspondent banking chains that add cost and delay to international energy payments, and consolidates your payment flows through a single relationship.
Yes — and this is one of our core differentiators for oil and gas clients. We can structure a trade finance facility to fund equipment procurement or supply chain pre-payments, while simultaneously hedging the FX exposure on those commitments. This means your finance and FX strategies are fully aligned from the outset, with a single team managing both — simplifying execution and ensuring the economics are optimised across the whole transaction.
Get started
Speak to an energy FX specialist who understands production schedules, USD offtake structures, and the cost of getting currency wrong on a $5M lifting. We will identify the right combination of FX hedging, payments, and risk management for your operations.