New Attempt to Block Perenco Contract ExtensionMonday, August 9, 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. Perenco to Increase Oil Production in GuatemalaTuesday, February 8, 2011 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. 15 Companies After Guatemalan Oil FieldsFriday, December 3, 2010 Executives from 15 international companies participated in the briefing of new bidding areas. Tradex, Perenco, Tenseco Energy Corporation y Odebrecht are among the companies showing interest. Perenco to Invest $35 million in GuatemalaThursday, May 26, 2011 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. Uncertainty Over Oil ConcessionFriday, May 4, 2012 The change of government in Guatemala has delayed the ratification of a contract awarded to City Petén for oil drilling in an area with 140 million barrels. On October 31st, 2011, at the end of the Colon administration, the Ministry of Energy and Mines signed a concession contract to exploit oil in the Yalcanix (PTN 1-2008) area with the Guatemalan company City Petén after a tender in which only two other companies, Perenco Guatemala and the aforementioned City Petén participated. The offer from Perenco was $11 million and City Petén’s was $30 million. Both companies have experience in oil exploration in the country. Only Two Bids for Oil Tender in GuatemalaWednesday, June 1, 2011 Only two companies, Perenco and City Petén, have submitted bids for the Yalcanix block, located in Petén. For the other three areas tendered, San Francisco, La Libertad and Xacbal, no bids were received at all. The Ministry of Energy and Mines will decide whether to convene a new tender. Oil Contract Awarded in GuatemalaWednesday, October 19, 2011 Without disclosing the name of the company, the Ministry of Energy and Mines has announced that they have awarded a contract for exploration and exploitation of oil in Petén. The Minister of that department, Alfredo Pokus, noted that they won't reveal the name of the contractor until the company itself has been notified. City Petén to Explore Oil in YalcanixWednesday, September 28, 2011 The regulator has awarded the company City Petén a concession for oil exploration in the Guatemalan location. City Petén has a $30 million investment plan for the first three years, compared with $11 million held by the other participating company Perenco. Guatemala: Progress in Oil Pipeline TenderMonday, May 21, 2018 The Ministry of Energy and Mines reports that the process to tender the operation of the pipeline has been approved by the Attorney General's Office. Without giving further details on the terms of the contract for the operation of the pipeline, currently the responsibility of Perenco, the Minister of Energy and Mines, Luis Chang, stated that the bidding process received a favorable ruling and is progress is being made. Guatemalan Oil Opportunities PresentedWednesday, August 22, 2012 Representatives from 45 companies attended a presentation about the oil areas that Guatemala will put out to tender. Representatives from the companies Hupecol, Superior Energy Services, E & P Sucursal Colombia, Trayectoria del Gas, Petro Dorado, Ecopetrol, Pacific Rubiales, Geopetrocol and delegates from Perenco Guatemala and Perenco Colombia, participated in the presentation made by the Ministry of Energy and mines (MEM) held in the Colombian capital. Lack of Definition Stalls Hydrocarbon Exploration in GuatemalaTuesday, June 1, 2010 The government has not yet decided if it extends the exploitation contract for the country’s largest oil field; this prevents granting additional exploration concessions. The Mining Ministry, headed by Carlos Meany, has defined 12 areas suitable for exploration. Two of these presumably contain natural gas fields. To proceed, the Ministry is waiting for the approval of Alvaro Colom, president of Guatemala. Will the Pipeline be Ever Be Tendered?Wednesday, April 4, 2018 The Guatemalan government has finally approved the contracting model and promises to launch the bidding process within the next four months. At the end of 2016 the Ministry of Energy and Mines announced that it was beginning to prepare, at that time, a plan to call a new tender and grant a concession for the operation of the pipeline, currently in the hands of Perenco, to a new company. Due to delays in the process, in February last year the contract with Perenco was extended for 18 months, meaning that August would be the deadline for the new launch. Guatemala Will Put Oil Fields Out To Tender by 2011Monday, September 20, 2010 The Mining and Energy Ministry (MEM) will put out to tender six oil fields located in Peten, Quiche and Alta Verapaz in 2011. The tender is scheduled for January 2011, said Alfredo Pokus, Deputy Minister of Mines and Hydrocarbons. Documentation will be made available over the course of the week to the General Secretary office, to be reviewed and approved. The Interested Parties in Guatemalan OilWednesday, November 7, 2012 Among the 40 companies that attended an information workshop on the topic were Perenco Guatemala Limited, Trayectoria Oil & Gas, Empresa Petrolera del Istmo, Rubiales Energy and Hupecol Operating Co. No date has been set for the submission of bids in the tender for the award of a concession for exploration and exploitation of hydrocarbons in the seven areas identified by the Ministry of Energy and Mines (MEM), and the publication of a Government Agreement about the tender is still pending, believed to be happening at the end of November. Guatemala: Slight Improvement in Oil ProductionFriday, March 9, 2018 After an 11% reduction in the output between 2015 and 2016, last year production totaled 9,641 million barrels, 7% more than the figures in 2016. Due to the age of the wells operated by the company Perenco, according to figures from the Ministry of Energy and Mines, the national production of crude oil between 2010 and 2017 " ... |
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