Guatemala offers exploration of hydrocarbons to Ecopetrol

Guatemala offered the possibility to explore (and to extract) six areas in the country for hydrocarbons (three for gas and three for petroleum).

Friday, August 15, 2008

Officials from the National Competitiveness Program presented to Ecopetrol the potential for extracting hydrocarbons from these six areas.
The first three regions are located in the Pacific Ocean and cover 1.4 million hectares where the MEM believes methane hydrate can be found.

More on this topic

Oil Exploration Agreement in Nicaragua

March 2015

The Nicaraguan Oil Company has signed a cooperation agreement with a Canadian company for exploration of oil and gas.

Following the agreement signed between the company EastSiberian Plc, belonging to TMX Group in Canada and the National Oil Company of Nicaragua (Petronic) the Ministry of Energy and Mines has been approached in order to start negotiations for the subsequent signing of concession contracts.

Natural Gas Field in Guatemala

September 2013

The company City Petén has discovered a reservoir of high quality condensate, rich in butane and propane, in an oil well in Ocultún, Petén.

"Everything indicated that Guatemala only had heavy oil with high sulfur content. However, this discovery of natural gas is changing the energy mix in the medium term, " said Luis Ayala, director of Hydrocarbons of the Ministry of Energy and Mines.

Costa Rica Will Not Sign Contract With Mallon Oil

December 2011

The president, Laura Chinchilla, has confirmed the decision not to sign an oil exploration contract with the Mallon Oil Company.

The U.S. company Mallon Oil was awarded a tender eleven years ago, for a contract for oil and natural gas exploitation in the south.

Last August the government declared a three-year moratorium on oil exploration in the country.

World Energy Research Plans Expansion into Guatemala

September 2009

WER plans to investigate the viability of 12 project sites with a focus on environmentally-friendly oil and natural gas extraction methods

Auckland, New Zealand Sept. 21, 2009 – World Energy Research, a New Zealand-based energy research and investment company, is moving into energy exploration in Guatemala.

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