Rand Merchant Bank Oil And Gas

RMB provided a US$30-m revolving credit facility to Tullow Oil plc for its upstream oil projects.

RMB continues to fuel its solid track record in Africa, which includes a US$100-million pre-export financing facility for BP in Angola and US$35-million in development finance for Kosmos Energy’s offshore assets in Ghana. In our latest deal, we provided part of a revolving credit facility (which features multiple debt tranches and currencies) to Tullow Oil, for their upstream projects.