Contract Disclosure

IFC Extractive Industry clients commit to being transparent about the terms and conditions agreed with host governments under which a resource is being developed.  This, along with IFC's revenue disclosure requirement, reflects IFC’s, and IFC clients’, ongoing work in increasing transparency in the extractive industries sector.

IFC Oil, Gas and Mining clients with contracts disclosed, by year committed

 

FY12

Tullow Oil

 

FY13

Bankers Petroleum

Niko Resources (Niko discloses the key terms of its PSCs on its website in its annual information form, page 29.)

Petra Diamonds - Finsch (Petra has made available summaries of key terms for all its assets, which can be found here)

Petroceltic

PetroNova

Transglobe

 

FY14

VAALCO

Seven Energy:

    Stubb Creek Marginal Field Farm-Out Agreement

    NPDC Strategic Alliance Agreement

    OPL 905 Production Sharing Agreement

Transatlantic (Summary of the fiscal terms can be found on page 33 of the 2014 Annual Report.)

Transform

President Energy

 

FY15

New Liberty

Seven Energy Bond:

    Stubb Creek Marginal Field Farm-Out Agreement

    NPDC Strategic Alliance Agreement

    OPL 905 Production Sharing Agreement

Guyana Goldfields (The full mineral agreement can also be found on www.sedar.com under Guyana Goldfields, Inc. The mineral agreement was filed November 28, 2011 and is listed as "Material Documents".)

Petra Diamonds - Cullinan (Petra has made available summaries of key terms for all its assets, which can be found here)

PICO RBL

 

FY16

Roxgold (Yaramoko Project)

Oyu Tolgoi

Africa Oil (IFC has requested Africa Oil and the government of Kenya to disclose the contract, and remains in discussions about potential means and timing)

 

FY17

CBG Expansion

Vitol Sankofa