OTS Latin America Searches Oil and Gas in Panama
The company was contracted by the Government in order to identify potential areas for exploitation.
Friday, January 7, 2011
The study to be conducted throughout the country will be funded by the Corporación Andina de Fomento (CAF) and the State.
With the help of funding from the CAF, the country will contract an exploratory study to test for the existence of oil and gas deposits.
Russia and Nicaragua formalized an energy cooperation agreement, to explore oil in the country.
The government will sign two concession contracts with Infinity Energy for oil and natural gas exploration and exploitation.
The Minister of Energy and Mines has announced that in April 2012 a tender will be put out for oil exploration and development in six different areas of the country.
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