Nepal - Petroleum Exploration Promotion Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. 10701 PROJECT COMPLETION REPORT NEPAL PETROLEUM EXPLORATION PROMOTION PROJECT (CREDIT 1260-NEP) JUNE 5, 1992 f*4I C l)Fi C)cW - L,UV) gvpOtG./ lY3,lKs/9 ),tS: Energy and Infrastructure Division Country Department I South Asia Regional Office This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit - Nepalese Rupee (NR) US$1.00 = NRs 13.2 September 19, 1981 US$1.00 NRs 30.0 July 20, 1990 SDR1.00 = US$1.108 September 1981 SDR1.00 US$1.400 December 1991 WEIGHTS AND MEASURES 1 kilometer (km) = 0.621 mile 1 meter (m) = 3.28 feet 1 standard cubic foot (SCF) = 0.028 cubic meters (CM) 1 thousand cubic feet (MSCF) = 1032 British Thermal Units (BThU) 1 million SCF gas (MMSCF) = 178 barrel oil equivalent (boe) I billion cubic feet (BSCF) = 1 thousand million cubic feet I trillion cubic feet (TCF) = I million million cubic feet 1 cubic foot/day (SCFD) = 365 cubic feet/year (SCFY) ABBREVIATIONS AND ACRONYMS DMG - Department of Mines and Geology HMG/N - His Majesty's Government of Nepal IDA - International Development Association IOCs - International Oil Companies rCIAC - Petro-Canada International Assistance Corporation PCR - Project Completion Report PSA - Production Sharing Agreement SIU - Special Implementation Unit T/A - Technical Assistance NEPAL FINANCIAL YEAR July 16 - July 15  FOR OFCIAL USE ONLY THE WORLD BANK Washington, D C. 20433 U.S.A Office of DlfectorCGenerti Opeations Evaluation June 5, 1992 MEMORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECT: Project Completion Report on Nepal Petroleum Exploration Promotion Project (Credit 1260-NEP) Attached, for information, is a copy of a report entitled "Project Completion Report on Nepal Petroleum Exploration Promotion Project (Credit 1260- NEP)" prepared by the South Asia Regional Office with Part II contributed by the Borrower. No audit of this project has been made by the Operations Evaluation Department at this time. Attachment This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  FOR OFFICIAL USE ONLY PROJECT COMPLETION REPORT NEPAL PETROLEUM EXPLORATION PROMOTION PROJECT (CREDIT 1260-NEP) TABLE OF CONTENTS Page No. Preface ..(i) Evaluation Summary .(ii) PART I PROJECT REVIEW FROM IDA'S PERSPECTIVE Project Id aiitity. Background . Project Objectives and Description 2 Project Design and Organization 2 Project Implementation. 2 Project Results. 4 Project Sustainability. 4 IDA Performance. 5 Borrower Performance. 5 Project Relationship. . 5 Consulting Services. . 5 Project Documentation and Data. . 6 PART II PROJECT REVIEW FROM BORROWER'S PERSPECTIVE Project Objective Design and Scope 7 Implementation Arrangements. 8 Organizational Relationships. 9 Project Costs. 9 Project Documentation and Data....... 9 Future Perspective/Recommendations... 10 PART III STATISTICAL INFORMATION Related IDA Credits. 11 Project Timetable . .11 Credit Disbursements 12 Project Implementation. 13 Project Costs and Financing . .14 Project Results ..... 16 Status of Covenants. . 17 Use of Bank Resources . .18 Annexes 1. Location Map IBRD 23185 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  PROJECT COMPLETION REPORT NEPAI. PETROLEUi4 EXPLORATION PROMOTTON PROJECT (CREDIT 1260-NEP) PREFACE This is the Project Completion Report (PCR) for the Petroleum Exploration Promotion Project (PEPP) in Nepal, for which Credit 1260-NEP in the amount of SDR 8.3 Million (US$ 9.2 million equivalent) was approved on June 10, 1982. During the project three cancellations totalling SDR 1.7 million were made, reducing the total credit amount to SDR 6.6 million. The Credit was finally closed on December 31, 1990, five years behind schedule. The last disbursement was made on April 23, 1991, leaving an undisbursed balance of SDR 724,362.96 which was cancelled on April 23, 1991. The PCR was prepared jointly by the Energy and Infrastructure Division of Country Department 1, South Asia Region (Preface, Evaluation Summatv, Parts I and III) and the Borrower (Part II). Preparation of this PCR was started during the final supervisior. mission of the project in July 1990. It is based inter alia, on the President's Report, Credit and Project Agreements; supervision reports; correspondence between the International Development Association (IDA) and the Borrower; and internal memoranda.