Guatemala Readies Oil Bidding
By the end of the month, the bidding dates for 12 new oil concessions should be known, when the corresponding governmental agreements are published.
Wednesday, August 12, 2009
Carlos Meany, minster of Energy and Mines, remarked that 7 new exploitation areas are located in Petén, 3 in the Pacific Ocean, 50 km away from San José port, while the remaining are located in Retalhuleu, Huehuetenango, Quiché and Alta Verapaz.
Three areas with oil production potential will be put out to tender on January 2010, out of a total twelve.
The Minister of Energy and Mining is awaiting the publication of the governmental agreement allowing it to put oil exploration area, A-6 2005, to emergency tender.
Guatemala's Ministry of Energy and Mines will invite bids for exploring six areas with potential oil fields.
Authorities are preparing the procedure to put the areas for oil exploration and exploitation to tender, and expect to hold the international bidding during the first quarter of 2009.
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