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Investors After Oil Areas Near Belize

Of the seven areas which are being tendered for exploration in Guatemala, the most interesting are those near the oil areas of Belize, which are already in production.

Tuesday, February 12, 2013

Against the background of the opening of bids for exploration and extraction of 7 areas defined by the government of Guatemala, an article in Elperiodico.com.gt reports that "Laguna Blanca, Cancuén and El Cedro are the oil areas that have attracted the most interest among investors who will submit their bids tomorrow for the seven places that the Ministry of Energy and Mines (MEM) is tendering. Industry sources confirm that interest in Laguna Blanca comes from the fact that its location is close to the oil fields that are in production in Belize. Whereas El Cedro is attractive because it is close to the fields of Rubelsanto, one of the most productive areas in the country. "

"As of yesterday, eight companies had paid the $25,000 stipulated in the tender to submit bids. It is expected that others will make the payment one day before the date for bidding, therefore Luis Ayala, director of hydrocarbonse at the MEM, estimated that between 10 and 14 companies will be participating.

Among the interested parties are oil companies in Colombia, the United States, Mexico, and some who are already operating in the country. "

Source: elperiodico.com.gt

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Oil exploitation oil exploration tender Energy Mining & Geology

Offers by Oil Companies in Guatemala

February 2013

Nine companies have submitted 15 bids to the Ministry of Energy and Mines, in the tender for exploration and exploitation of seven oil fields.

Prensalibre.com reports that "The Cotzal area (Petén) received five applications; Laguna Blanca (Petén) and El Cedro (Alta Verapaz), three; San Francisco, two, and Cancuén (Petén) and Xalbal (Quiché) one, respectively. The area of La Libertad (Petén) did not receive any bids".

Guatemala Receiving Bids for Oil Tender

January 2013

The Ministry of Energy and Mines in Guatemala is receiving the fee of $25,000 which enables bidders to take part in the tender for the concession of oil operations in 7 different areas.

According to an article Elperiodico.com.gt, the Ministry of Energy and Mines (MEM) this week opened the tender for the award of contracts for oil operations in seven areas under direct and indirect exploration formats.

Tender for Oil Exploration

December 2012

Guatemala's government has set a date for receiving bids in the tender for the exploration and exploitation of hydrocarbons in seven areas in the country's north.

The date for submission of bids is February 13, 2013 at the offices of the MEM. Applicants must comply with minimum tasks, definitions and parameters, among which are producing gravimetric, aeromagnetic, geological, geochemical and aseismic 3D surveys.

Guatemala Launches Oil Tender

August 2012

The Ministry of Energy and Mines (MEM) has announced a tender for seven oil fields located in the north.

The contracts for the seven areas will be awarded for a period of 25 years, renewable for 15 more, under two different modalities.

"Luis Ayala, director of Hydrocarbons at the MEM, explained that 5 areas in the indirect exploration phase will be awarded under the first mode, where investors will be required to perform 2D and 3D seismic studies , and from the third year they will have the option to drill a well", reported