Changes Incorporated in Perenco Contract

The recent renewal of Perenco's oil extraction contract removed the company's exclusive right to carry out certain activities.

Friday, July 30, 2010

The new contract gives the Ministry of Energy and Mines (MEM) the right to authorize and schedule "the use of perforation and intervention equipment, including any and all accesories required for its adequate functioning... with the aim of achieving national oil policy objectives".

In addition, "one of the intervention towers, the Cooper 550 along with its corresponding equipment and accessories, will be wholely assigned to the Xan oil company while it carries out its operations there".

More on this topic

Problems with Oil Contract in Guatemala

August 2012

The government is negotiating negotiate contractual issues with City Petén, concessionaire of the exploration and exploitation contract for oil area Petén 1-2008.

In order to complete the award process seven legal aspects that have been identified by the Ministry of Energy and Mines (MEM) must be corrected, said the head of the ministry, Erick Archila.

Guatemalan Oil Opportunities Presented

August 2012

Representatives from 45 companies attended a presentation about the oil areas that Guatemala will put out to tender.

Representatives from the companies Hupecol, Superior Energy Services, E & P Sucursal Colombia, Trayectoria del Gas, Petro Dorado, Ecopetrol, Pacific Rubiales, Geopetrocol and delegates from Perenco Guatemala and Perenco Colombia, participated in the presentation made by the Ministry of Energy and mines (MEM) held in the Colombian capital.

15 Companies After Guatemalan Oil Fields

December 2010

Executives from 15 international companies participated in the briefing of new bidding areas.

Tradex, Perenco, Tenseco Energy Corporation y Odebrecht are among the companies showing interest.

In case of Perenco, his vice president, Larry Bottomley, stressed the importance of expanding its operations in Guatemala, "so we are open to participate in the bidding," reported Prensalibre.com.

Guatemala to put petroleum contract to tender

February 2009

The current exploitation contract with Perenco Guatemala will be extended for a maximum of 9 months, while the new tender is prepared.

SIGLOXXI.com reports on its website: "The Minister of Energy and Mining (MEM) will extend the Contract for Emergency Petroleum Services next week, for up to nine months. This has been entered into with Perenco Guatemala Inc. since 2005. The company administers the areas known as 1.85.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Citrus Extract

CitroBio is a citrus extract wash for use throughout the entire food industry.
CitroBio is a citrus wash for sprouts, fruits,...

Stock Indexes

(Aug 23)
Dow Jones
-0.40%
S&P 500
-0.35%
Nasdaq
-0.30%

Commodities

(Aug 24)
Brent Crude Oil
52.22
Coffee "C"
128.70
Gold
1,288
Silver
17.050