Guatemala's Oil Industry Enhanced by Pacific Rubiales

The arrival of petroleum company Pacific Rubiales to Guatemala reaffirms the country's oil potential.

Friday, January 7, 2011

That is the opinion of Bob Szczuczko, general manager of Quetzal Energy, adding that the participation of a company as well known as Pacific, facilitated the decision to retain their properties in the country.

Pacific Rubiales acquired the rights to exploit the nearby blocks of Quetzal, through an agreement with Flamingo Energy Investment Company and Atlantic Petroleum.

“This agreement gives them 55% participation in five prospects with potential for more than 4,000 million barrels of oil on site," reported

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