BRIEF October 20, 2017

New program provides funding for flare-out project development

Gas Flaring and Venting Monetization Project - Call for Project Proposal Ideas

We are pleased to announce a new program developed exclusively for endorsers of the “Zero Routine Flaring by 2030” Initiative.

Sponsored by the Global Gas Flaring Reduction Partnership (GGFR) and the Global Infrastructure Facility (GIF), the following Call for Project Proposal Ideas is designed to financially support viable solutions to monetize flared and/or vented associated gas from upstream onshore and offshore oil production facilities. Awarded proposals will obtain funds from GIF for pre-feasibility and/or project preparation and structuring work towards associated gas flare-out projects.

This Call for Project Proposal Ideas is part of the commitment by the World Bank and other development institutions to facilitate cooperation and implementation of the “Zero Routine Flaring by 2030” Initiative. We hope you will use this opportunity to help advance your organization’s commitment to the Initiative and your own important resource management and environmental objectives.

After reviewing the Call for Project Proposals Ideas, please do not hesitate to contact Francisco J. Sucre (fsucre@worldbank.org) should you have any questions or need additional information.

 

Click here to download the Description for the Call for Project ideas. 

Click here to download the Information Requested for the Call for Project ideas.

 

Frequently Asked Questions

Could you please clarify what reimbursable funds means for this project?

The funds provided by GIF for the Project Preparation and Structuring work (up to US $5 million) must be repaid to the GIF following financial closure.

Could you please clarify what are the activities covered under reimbursable funding for Project Preparation and Structuring (PPS)?

Typical activities included in this phase include detailed feasibility studies; investment appraisal; structuring; risk assessment; environmental and social impact assessments; and transaction advisory. Other studies/advisory work may be considered if relevant for a specific project.

In Annex I, regarding Pre-feasibility Work, it mentions “Work awarded to a government entity and/or national oil company will be procured through the World Bank.” Would conducting a Pre-feasibility study internally within the company be considered under the funding?

The pre-feasibility study procured by the World Bank means that the study will be conducted following the internal guidelines and procedures of the Bank, which includes a competitive tendering process. The organization submitting the project idea(s) may submit a proposal in the Bank tender, but will not necessarily be selected to do the pre-feasibility study.  

Is there a limit on the number of applications an organization can put into each of the categories – Pre-feasibility and PPS?

There is no limit to the number of project ideas (applications) that can be submitted by one organization.

Following GIF funding for a Feasibility study, is there any funding available for projects during subsequent execution stage?

Project implementation funding is separate and different from the GIF support. Funding may be available at a later date.

We are neither a government entity nor a national oil company. Is there a role for other organizations who are interested in participating?

The program is exclusively for potential projects involving governments institutions/NOCs who are “Zero Routine Flaring by 2030” Initiative (ZRF) endorsers. Technology providers/private companies can work with candidates to prepare proposals, but the proposal may only be submitted by governments institutions/NOCs.

Is it necessary to submit an expression of interest in order to submit a full proposal?

No. Organizations can still submit the full proposal on the due date of January 31st, 2018, even if an expression of interest was not received by November 17, 2017.

The eligibility conditions say that a ZRF-endorsing oil company can only apply in partnership with a national oil company. What if there is no national oil company in the country?

If there is no national oil company (NOC), a ZRF-endorsing oil company can still submit a proposal through an endorsing country government entity (e.g. Ministry of Energy, Environment, Infrastructure) that has some direct or indirect participation in the potential project.

How many project ideas will potentially receive GIF funding for Pre-feasibility studies? How many will potentially receive funding for Feasibility studies?

Since GIF funding is awarded to multiple sectors, including oil and gas, the number of awards to oil and gas proposals will depend on funds available and competing proposals from other sectors.

 


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