PTS Energie Conseil — Specialized Advice for Emerging Markets

Our Services

Advisory across the full energy value chain

We provide independent, conflict-free advice to clients operating in or entering complex energy markets. Our engagements span strategy, transactions, projects, and disputes.

Dispute

Expert Witness Services

Independent expert analysis and testimony for commercial and investment arbitration and litigation. See the dedicated section below.

ICC · ICSID · LCIAInvestment TreatyCommercial Litigation

Finance

Interim & Fractional CFO Services

Experienced financial leadership on a fractional or interim basis for energy-sector organisations navigating growth, restructuring, or capital-raising.

CFO AdvisoryFundraising SupportFinancial Governance

Market Intelligence

Emerging Markets Analysis

Independent analysis of energy market dynamics, regulatory landscapes, and investment climates across emerging and frontier markets.

Market EntryRegulatory ReviewRisk Assessment

Project Development

Renewable Energy Development

Advisory support across the full project lifecycle — from feasibility and structuring through to financial close and operational commissioning.

FeasibilityStructuringCommissioning

Procurement

Energy Procurement & Contracting

Advice on energy sourcing strategies and contract structures. We do not act as a broker or trader; our role is independent advisory.

Contract ReviewStrategyBenchmarking

Sustainability

Carbon & Net Zero Strategy

Carbon footprinting, decarbonisation pathway design, and support in navigating the evolving landscape of climate-related disclosure requirements.

FootprintingPathwaysDisclosure

Expert Witness Services

Independent expert analysis for arbitration and litigation

PTS Energie Conseil provides independent expert witness and advisory services in commercial and investment arbitration and litigation involving energy sector matters. Our experts bring rigorous, impartial analysis grounded in deep transactional and market experience — having been involved in or advised on over $50 billion in energy sector transactions across emerging and developed markets.

Our expert witness services are strictly independent and impartial. Nothing on this website constitutes legal advice. All engagement terms are governed by separate mandate agreements.

Substantive Independence

We have no commercial interest in the outcome of any dispute. Our opinions are formed independently and are not influenced by the instructing party.

Sector Depth

Direct experience across the full energy value chain — upstream, midstream, downstream, power generation, and renewables — in over 20 markets.

Cross-jurisdictional Experience

Familiarity with regulatory and market frameworks across Western Europe, Eastern Europe, Africa, and the Middle East.

Transactional Foundation

Expert analysis informed by hands-on involvement in project finance, M&A, procurement and concession transactions across emerging markets.

Forums & Jurisdictions

International Arbitration

ICC, ICSID, LCIA and other major international arbitral institutions.

Investment Treaty Arbitration

Disputes under bilateral and multilateral investment treaties involving energy assets or financial markets.

Commercial Litigation

Expert support in domestic and cross-border commercial court proceedings.

Ad Hoc Proceedings

UNCITRAL rules and other bespoke arbitration frameworks.

Energy Pricing & ValuationProject & Structured Finance, Bankability DisputesRegulatory & Concession DisputesMarket Access & CompetitionDamage QuantificationForce Majeure & Contract InterpretationTariff & Revenue Disputes

Financial Management Services

Experienced financial leadership on a fractional or interim basis

PTS Energie Conseil provides fractional and interim Chief Financial Officer (CFO) services to energy-sector organizations that require senior financial leadership without the commitment of a full-time hire. We bring deep energy sector knowledge combined with broad financial management expertise.

Our financial management services are advisory and operational in nature. We do not provide regulated financial advice, manage client funds, or act as a fiduciary. All engagements are governed by separate service agreements.

Typical Engagements

Growth-stage energy companies preparing for Series A/B or project finance

Energy businesses undergoing restructuring or ownership transition

Project developers requiring financial close support

International organizations entering new markets requiring local financial oversight

Businesses preparing for M&A transactions or investor due diligence

Organizations requiring board-level financial reporting and governance

Fractional CFO

Ongoing part-time senior financial leadership for growing energy businesses — covering financial strategy, reporting, controls, and stakeholder management.

Interim CFO

Short to medium-term full-time financial leadership during periods of transition, restructuring, or when a permanent hire is being sought.

Capital Raising — Management Consulting Support

Financial modelling, investor materials, due diligence preparation, and management of the fundraising process for equity and debt transactions.

Financial Governance

Establishment of financial controls, reporting frameworks, budgeting processes, and audit readiness for organizations scaling operations.

Paul Shultz

Founder & Managing Director

EnglishFrenchRussianTurkishDutchGermanItalian*Farsi*Spanish*Azeri*

* Working knowledge

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Key Personnel

Leadership & expertise

A highly experienced financial professional with deep specialization across Europe, the Middle East, Africa, Asia and the Americas. Career spanning investment banking, project finance, private equity, energy advisory and expert witness services — with direct involvement in over $50 billion in energy sector transactions across emerging and developed markets.

Career Highlights

2013–Present

Founder, PTS Energie Conseil

Independent advisory across energy markets, renewables project finance, carbon strategy and expert witness services. Concurrent engagements include Apricum, Newgreen, esmera partners and Culmen Capital.

2022–2024

Advisor, ABO Wind & Finance-In-Motion

Advisory to ABO Wind, an established European renewables project developer, and Finance-In-Motion's Green Growth Fund across the EMEA region — Balkans, Caucasus, Levant and North Africa.

2020–2022

Head of Project Finance, OQ (Oman)

Managed a portfolio of USD 14 billion in existing project finance loans at OQ — the merged successor of Oman Oil and ORPIC. Led project formation and capital-raising for major hydrogen and solar renewable energy projects.

2019

MD & Head of Investment Banking, First Heartland Group (Kazakhstan)

Led corporate and investment banking, advisory and securities issuance, focused on emerging markets capital markets in Central Asia.

2016–2018

CFO, Regalis Petroleum

Financed and developed energy assets in Chad, Nigeria and other African countries.

2014–2016

Chief Finance Advisor, Chemaweyaat (ADNOC/Mubadala JV)

Led investment and capital-raising projects for a strategic Abu Dhabi petrochemicals joint venture.

2010–2014

Renaissance Capital / ABUCAP

Investment banking and capital markets advisory across emerging markets, with a focus on CIS, Eastern Europe and frontier market transactions.

1997–2010

ABN AMRO & Société Générale

Five years each at ABN AMRO and Société Générale groups — covering corporate finance, M&A valuation, project finance and financial advisory across European and emerging markets.

2006–2008

Royal Dutch Shell

Energy sector role within the Royal Dutch Shell group, gaining direct operational and strategic experience in major international oil & gas.

Fund Experience

Investment Management

Experience across three investment funds investing in private equity and debt instruments across emerging markets.

Areas of Specialization

Project Finance & Capital Raising

Corporate Finance & M&A Valuation

Private Equity & Debt Fund Operations

Energy, Oil & Gas Advisory

Emerging Markets (EMEA, CIS, Central Asia)

Renewable Energy & Hydrogen Projects

Expert Witness & Litigation Support

Public Sector & Government Advisory

Investment Banking & Securities Issuance

Corporate Strategy & Business Development

Geographic Experience

UAEOmanBahrainTurkeyRussiaUkraineBaltic StatesAzerbaijanGeorgiaKazakhstanTurkmenistanUzbekistanNigeriaChadSub-Saharan AfricaFranceNetherlandsUKItalyBalkansNorth AfricaLevant

Geographic Reach

Markets we operate in

Our work spans emerging and developed markets, with particular depth in regions undergoing energy transition and regulatory reform.

France & Western Europe

Eastern Europe / Former Soviet Union

Africa

Middle East

Global / Cross-border

Our Clients

Who we work with

We work with a broad range of organisations that share a need for independent, specialist energy advisory.

Financial Institutions & Investors

Energy Producers & Utilities

Large Corporates & Multinationals

SMEs in the Energy Sector

Public Sector & Local Authorities

NGOs & Development Organisations

Growth-Stage Companies Raising Capital

In-depth insight on
complex energy
markets

Advisory across the full energy value chain

Independent expert analysis for arbitration and litigation

Experienced financial leadership on a fractional or interim basis

Leadership & expertise

Markets we operate in

Who we work with

Bring us your most complex energy challenge

Let's discuss your requirements

In-depth insight oncomplex energymarkets

Advisory across the full energy value chain

Independent expert analysis for arbitration and litigation

Experienced financial leadership on a fractional or interim basis

Leadership & expertise

Markets we operate in

Who we work with

Bring us your most complex energy challenge

Let's discuss your requirements

In-depth insight on
complex energy
markets