Loan for Shale Oil Development
Supporting Japanese Participation in a Shale Oil Development Project

  • Area: North America
  • Energy and Natural Resources

JBIC signed a loan agreement with JGC Exploration Eagle Ford LLC (JEEF), a wholly owned U.S. subsidiary of JGC Corporation. This loan will provide the necessary funds for JGC Corporation to develop and produce shale oil in the U.S. Eagle Ford shale oil fields, of which JGC Corporation holds a part interest through JEEF. In view of the projected rise in shale oil production in the years ahead, the know-how on shale oil development gained by Japanese companies through this loan will lead to greater opportunities for Japanese participation in overseas shale oil development projects.

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