Guatemala to put petroleum contract to tender

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

Wednesday, February 4, 2009

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.

This agreement will remain in effect while authorities prepared the tender process to grant a new contract. Even though it has not been defined, it could have a minimum duration of 15 years, explained the head of the Ministry, Carlos Meany."

More on this topic

Nicaragua Re-Exports Oil to El Salvador

May 2012

The company Albanisa S.A. exported crude Venezuelan oil and derivative products to El Salvador worth a total of $204 million in 2011, at an average price of $102 a barrel.

The data has been provided from an investigation by the newspaper La Prensa of Nicaragua citing data from the Analysis Unit of the Directorate General of Hydrocarbons at the Ministry of Economy in El Salvador.

Changes Incorporated in Perenco Contract

July 2010

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

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".

Guatemala Puts Rubelsalto´s Petroleum Contract Out to Bid

February 2009

Upon the success of the operating contract by the business Perenco, the Department of Energy and Mines reported that the public noticing process has been opened.

Byron Dardón, in his article published in Prensalibre.com, writes: "Carlos Meany, Minister of Energy and Mines, commented that, along with the petroleum field, also opened was the process for the exploration process for deposits of Western Chinajá, the Caribbean and Tierra Blanca, that form part of the area A6-2005, from where crude oil has been extracted for 25 years."

Guatemala prepares petroleum concessions for 2009

December 2008

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.

According to the head of the Ministry of Energy and Mining (MEM), Carlos Meany, they have established 13 oil fields that can be explored, and eventually, to extract both natural gas and crude oil.

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