Ministers Question the Legality of the Perenco Expansion

The Guatemalan Environment, Culture and Sports, and Interior Ministers have suggested that the law was broken in extending the Perenco oil exploitation contract.

Wednesday, July 28, 2010

According to Luis Ferraté, Environment Minister, by expanding the scope of the project the extension violates laws regulating hydrocarbon exploitation, in which "only contract extensions are authorized, not modifications or expansions, as stated in the contract signed by the Minster for Energy and Mines (MEM) with Perenco".

Carlos Menocal, Minister for the Interior, added that the expansion acts against environmental protection measures specified in the country's constitution.

More on this topic

New Attempt to Block Perenco Contract Extension

August 2010

A new Guatemalan Constitutional Court motion has been filed against the expanded Perenco contract on the grounds of unconstitutionality.

The new motion, presented by the independent congressman Aníbal García, claims that the new contract is without merit since Perenco has been deemed “ineffective” by the Guatemalan Tax Revenue Authority (SAT) since June 2006.

Guatemala Extends Contract for Oil Company Perenco

March 2010

President Alvaro Colom endorsed a 15 year extension to Perenco’s crude oil extraction contract.

The announcement was made by Carlos Meany, Energy and Mines minister, who explained that if the contract was not renovated, the State would lose $125 million a year.

Newspaper Siglo XXI interviewed Meany, and asked him about why the Environmental Ministry opposed to renewing this contract.

Petroleum Company to Invest $50 Million in Guatemala

May 2010

Perenco Guatemala Limited would invest $50 million if the government extends its 2-85 extraction contract in the north of Petén.

Geoffroy Martín-Denavit, CEO of the multinational corporation, explained they would drill 5 new oil wells in the first two years, expanding their production capacity.

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."

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