Loan for Acquisition of Interests and Development of the Largest Undeveloped Oil Field in Western Europe
Supporting a Japanese company in the acquisition of interests and development of an oil field

  • Area: Europe
  • Energy and Natural Resources

JBIC signed a loan agreement with Mitsui E&P Italia A S.r.l. (MEPIT), an Italian company in which MITSUI & CO., LTD. and Mitsui Oil Exploration Co., Ltd. (MOECO) have indirect equity stakes, to finance MEPIT’s partial acquisition of interests and development of the Tempa Rossa Oil Field, which is located in southern Italy and owned by a subsidiary of the French company Total S.A. This loan will enable a Japanese company to acquire oil field development know-how through cooperation with major international oil companies, which, in turn, is expected to lead to further joint operations in other oil field development projects. The acquisition of interests will also improve the independent oil development ratio by Japanese companies, and through this, contribute to Japan’s energy security.

Back to Top