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Niko

Sector: Oil and Gas • Location: South Asia Region

Source: International Finance Corporation (IFC)

Project
Active

IFC has been asked by Niko Resources Ltd. (“Niko” or the “Company”) to consider providing financing together with some other investors to support the Company in the following areas:To finance the capital expenditure program in the KG-D6 block in India, consisting of (i) work-over of existing wells in the D1-D3 field, (ii) the development of the R-cluster and Satellite fields, and (iii) upgrading t

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The project “Niko” is an infrastructure initiative in the Oil and Gas sector, located in South Asia Region. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

Taiyo status

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Description

Description

IFC has been asked by Niko Resources Ltd. (“Niko” or the “Company”) to consider providing financing together with some other investors to support the Company in the following areas:To finance the capital expenditure program in the KG-D6 block in India, consisting of (i) work-over of existing wells in the D1-D3 field, (ii) the development of the R-cluster and Satellite fields, and (iii) upgrading the surface facilities; To finance the capital expenditure plan in the Block 9 in Bangladesh, consisting of (i) two development wells, (ii) upgrading the production facility, and ( iii) installation of additional compression to arrest production declines; andTo restructure the Company’s debt by refinancing expiring debt instruments with loans of a longer maturity.In addition to providing the financing, IFC together with other anchor investors plan to help improve the Company’s environmental and social management systems and corporate governance which are considered critical by the Company for a future growth.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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