| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 100.00 |
FIRST PETROLEUM
Abstract*
The First Petroleum Project's primary objectives are to: (i) help the Government and SONATRACH in their efforts to attract investments in exploration and development by foreign oil companies; (ii) help improve the efficiency of the petroleum services subsector (particularly drilling operations); (iii) help optimize the production of its oil fields through enhanced oil recovery schemes; and (iv) address environmental problems related to drilling and... Show More
Development Objective
PROJECT TO FOCUS ON ASSISTANCE TO SONATRACH IN THREE MAIN AREAS:(1) EXPLORATION PROMOTION; (2) TECHNICAL TRAINING, AND (3) SECONDARYOIL RECOVERY.
Key Details
Project Details
P004952
Closed
Rene G. Mendonca
N/A
July 30, 1991
(as of board presentation)
July 30, 1991
April 2, 1992
US$ 237.00 million
N/A
1992
US$ 100.00 million
B
Not Applicable
June 30, 1997
BANK APPROVED
January 15, 2013
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 100.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 237.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 30, 1991 | IBRD-3395S | Loan Commitment | 76,079,080.00 |
| Jul 30, 1991 | IBRD-33950 | Loan Commitment | 23,920,918.00 |
| Jun 26, 1992 | COFN-02790 | Loan Commitment | 76,800,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 03-05-1998 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Satisfactory | N/a |
| Risk To Development Outcome | Not Rated | N/a |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | Satisfactory | N/a |
| Government Performance | Satisfactory | N/a |
| Implementing Agency | Satisfactory | N/a |
| Icr Quality | Satisfactory | N/a |
| M&e Quality | Not Rated | N/a |
Results Framework
No data available.