Contract Awarded to Operate Oil Pipeline

For the second time, Perenco Guatemala Limited was awarded a 25-year contract to operate the pipeline from Campo Xan in Petén to the Piedras Negras oil terminal in Izabal.

Friday, July 26, 2019

After multiple delays were reported in the tender, the Ministry of Energy and Mines of Guatemala was able to award the new contract, which was signed on June 18 by both parties and published on July 24 in the newspaper of Central America.

Prensalibre.com reports that "... The company has the obligation to transfer payments to the State as:

US$0.25 for each barrel transported.
Of these US$0.20 in order to strengthen the supervision and oversight of oil operations.
And, US$0.05 will be transferred to the National Economic Development Fund (Fonpetrol).
It must pay an annual fee of US$10,000 at the beginning of each contract year.
In addition, when the contractor obtains a profit of more than US$360 thousand, it must pay the State 20% of the surplus of such profit, according to the formulas established in the contract.
Contribute US$20,000 for the training of Guatemalan personnel each year.
"

Regarding Perenco's operations in the country, the article adds that "... The company has been operating in Guatemala since 2001, with the Xan field in Petén, the country's largest oil producer. Of the 9,200 barrels produced daily in the country, about 8,000 come from the Xan field."

See details of the tender.

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More on this topic

More Delays in Tender to Operate Oil Pipeline

March 2019

Because the Guatemalan authorities were not able to form the Tender Board, a new date will be set for the receipt of tenders for the operation and administration of the Stationary Hydrocarbon Transport System.

Although the deadline for tendering for the pipeline had already been extended in November last year and March 14, 2019 was set as the deadline for submission of proposals, the authorities of the Executive failed to form the Board and now a new deadline will have to be announced.

New Deadline to Tender Oil Pipeline Operation

November 2018

March 14th, 2019 is the new date scheduled by the Guatemalan authorities to receive offers for the operation and administration of the Stationary System for the Transport of Hydrocarbons.

After last July were found disadvantages in the proposal presented by Perenco, the only bidder in the last contest and current administrator of the pipeline, it was decided to make a new process.

Tender for Oil Pipeline Operation

June 2018

In Guatemala, companies interested in operating and managing the Hydrocarbons Stationary Transport System are invited to present their offers on June 15.

Representatives from the Ministry of Energy and Mines (Mem) stated that the Qualification Committee, which will be appointed by an agreement, will be in charge of receiving technical-economic offers from 9:00 a.m.

Guatemala: Tender for Pipeline Operation

December 2016

After the expiration of the concession currently held by Perenco, a tender is to be launched for the operation of a pipeline connecting the Xan field in Peten with the oil terminal in Piedras Negras.

Elperiodico.com.gt reports that "...Vice President Jafeth Cabrera, after a meeting in Puerto Barrrios, Izabal, said the contract with Perenco which expires next year will be extended by no longer than six months in order to realise the tender."

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