ANNOUNCEMENT 31 Aug 2011

In August 2011, the German Export Crediting Agency announced its support of an export project concerning the delivery of a mobile deep drilling rig (type TBA 300) for drilling on an existing drilling field, including services to Venezuela.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Aug 2011 | Removal date: open ended

Trade finance

The export loan was announced in August 2011 and finances the delivery of a mobile deep drilling rig (type TBA 300) for drilling on an existing drilling field, including services ('Lieferung einer mobilen Tiefbohranlage (Typ TBA 300) f?r den Einsatz bei Tiefbohrungen auf einem existierenden Bohrfeld einschl. Leistungen') to Venezuela. The benefitting German exporter is BAUER Maschinen GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (23 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8 years. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS