The tender is scheduled for January 2011, said Alfredo Pokus, Deputy Minister of Mines and Hydrocarbons. Documentation will be made available over the course of the week to the General Secretary office, to be reviewed and approved.
"According to official estimates, the Petén area has potential for extracting 3 billion oil barrels. 7 of the 12 new oil fields are located in this department and these will be the first ones to be tendered", wrote Lorraine Alvarez for Elperiodico.com.gt.
Forty-five companies have shown interest in bidding for exploration of 4 oil areas in Petén.
In times of record oil price rises, there is mounting interest from different companies specializing in oil exploration in Guatemala.
An article in Siglo XXI declares: The two biggest areas to explore are PTN-1-2008 with an estimated reserve of 257 million barrels of oil, and PTN-6-2008 with 146.45 million."These projects are supported by the Guatemalan Chamber of Commerce (AmCham) because they promote the development of the country, " said Executive Director, Carolina Castellanos. "
The regulator has awarded the company City Petén a concession for oil exploration in the Guatemalan location.
City Petén has a $30 million investment plan for the first three years, compared with $11 million held by the other participating company Perenco.
"Although the Ministry of Energy and Mines (MEM) has not yet made the Certifying Board’s decision’s public following the evaluation of bids submitted on May 30, Minister Alfredo Pokus reported through his press chief, Rene Rodriguez, that they are in the approval stage with the Cabinet of the Government", reported Elperiodico.com.gt
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