PROJECT

Projects

Environmental Review Summary

Project Number

11268

Company Name

Queiroz Galvao Oleo e Gas S/A.

Date ERS Disclosed

Nov 11, 2002

Country

Brazil

Region

Latin America and the Caribbean

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Apr 15, 2003
Signed : May 30, 2003
Invested : Jun 26, 2003

Sector

Oil and Gas Production (Includes Development)

Industry

other

Department

Gbl Infrastructure & Natural Resources

Project Description

Queiroz Galvão Perfuracões is a Brazilian company engaged in providing drilling services to Petrobras and other operators since 1980. The company has recently entered the oil and gas exploration and production business and has acquired interests in several offshore and onshore oil and gas concessions in Brazil. The project consists in providing corporate financial support to QGP for its investments in developing its oil and gas business.

Environmental and Social

Conclusion & Monitoring