The French oil company is awaiting approval of environmental permits to begin drilling two new wells.
Company officials argue that the delay is costing the Guatemalan state about $15 million annually in royalties, among other things.
According to an article in Elperiodico.com.gt: "Luis Ferraté, Minister of Environment, said Perenco has not yet submitted the environmental impact studies for drilling new wells."
The French oil company awaits authorization from authorities to begin drilling four new wells.
The new wells at the Xan field, Laguna del Tigre, will produce 1.500 to 2.000 barrels a day, said Benoit de la Fouchardiere, manager of Perenco Guatemala.
"The roundtable meeting which included representatives from the Ministry of Environment and Natural Resources (MARN), the National Council of Protected Areas (CONAP), the Ministry of Energy and Mines (MEM) and Perenco, concluded yesterday," stated the article in Elperiodico.com.gt.