Petrozuata is a proposed $ 2500000000 oil field development project in Venezuela. The case in 1997, as the promoters are set Conoco and PDVSA (Venezuela national oil company), intends to meet the proposed financial structure with different development organizations and rating agencies with respect. The sponsors hope to raise a portion of the $ 1500000000 debt in the capital markets which require an investment grade rating. The key questions are whether the project is to achieve an investment … Read more »

Petrozuata is a proposed $ 2500000000 oil field development project in Venezuela. The case in 1997, as the promoters are set Conoco and PDVSA (Venezuela national oil company), intends to meet the proposed financial structure with different development organizations and rating agencies with respect. The sponsors hope to raise a portion of the $ 1500000000 debt in the capital markets which require an investment grade rating. The key questions are whether the project is to obtain an investment grade rating and, if not, how to finance the project. Describes how it turned out extremely well made financial transaction, one that nearly all professional journal for project financing was to be named “Deal of the Year” in 1997.
«Hide

from
Benjamin C. Esty,
Mathew Mateo Millett
Source: Harvard Business School
22 pages.
Publication Date: Sep 23, 1998. Prod #: 299012-PDF-ENG
Petrolera Zuata, Petrozuata C.A. HBR case solution