PetroTel Oman Energy Block 17 (DFC-2019-PETROTELOMANE)

Countries
  • Oman
Where the impacts of the investment may be experienced.
Specific Location
Oman
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PetroTel Oman LLC
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 435.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 4, 2020


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Project Description

According to bank documents, the project involves the development, construction and operation of the Tibat and Ash Sham oil and gas fields within the Block 17 concession and construction of a 3-km long pipeline, all on the Musandam peninsula, an exclave of Oman on the Strait of Hormuz (the “Project”). 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

PetroTel is a Delaware limited liability company and is at least majority beneficially-owned by U.S. citizens. PetroTel’s equity contribution upon Project stabilization will be equivalent to $135 million.

Contact Information

*Contact information not provided at the time of disclosure*