oil oil exploration Energy Ministerio de Energía y Minas de Guatemala Oil exploitation tender Mining & Geology Perenco Guatemala Inc. oil reserves Ministry of Energy and Mines Guatemala C.A. Carlos Meany City Petén Empresa Petrolera del Istmo, S.A. Hupecol Operating Co. Luis Ayala

Guatemala: Oil Exploration Areas Go Out to Tender

The Ministry of Energy and Mines (MEM) has announced six oil fields for exploitation for which the tender processes will begin in 2011.

Friday, September 24, 2010

The areas to be tendered are in the regions of Petén, Huehuetenango, Quiché and Alta Verapaz.

"The first MEM contract will include three areas located in the central zone of Petén, the northernmost region of Guatemala. PTN 1 comprises the Yalcanix and Paso Caballo wells, the latter of which is believed to contain gas. PTN 3 equates to the San Francisco well while PTN 4 contains four sections to be explored," reports Elperiodico.com.gt.

Source: elperiodico.com.gt

¿Busca soluciones de inteligencia comercial para su empresa?

Goods

oil

Key entities

Ministerio de Energía y Minas de Guatemala

Countries

Guatemala

Insight

oil reserves oil exploration Oil exploitation tender Energy

Guatemala: Oil Production Falls 5%

November 2018

The lack of incentives for investment in extractive activity could be one of the reasons behind the downward trend in oil production in the country.

During the first ten months of the year, the country reported 2.78 million barrels of production, 5% less than the same period in 2017.

Guatemala: Slight Improvement in Oil Production

March 2018

After an 11% reduction in the output between 2015 and 2016, last year production totaled 9,641 million barrels, 7% more than the figures in 2016.

Due to the age of the wells operated by the company Perenco, according to figures from the Ministry of Energy and Mines, the national production of crude oil between 2010 and 2017 " ...

Details of Oil Tenders in Guatemala

September 2012

The Government of Guatemala has approved the basis of a call for tenders for the exploration and exploitation of hydrocarbons in the seven listed areas.

An excerpt from Government Agreement No. 172-2012:

MINISTRY OF ENERGY AND MINES

Approves the selection of seven areas for exploitation and exploration of oil, applying the Model Contract for Exploration and Exploitation of Hydrocarbons, with five areas in the form of ‘indirect exploration phase’, two areas of ‘Indirect and Direct Exploration Phase’ both to be described.

Guatemalan Crude Oil Production Keeps Going Down

February 2011

Crude oil production dipped 11.5% in 2010 when compared to 2009.

Data from the Ministry of Energy and Mines (MEM) highlights a downward trend in place since 2006: 5.8 million barrels in 2006, 5.5 million in 2007, 5.1 million in 2008, 4.9 million in 2009 and 4.3 million in 2010.