Indications of Oilfields in Nicaragua

The concessionaire of hydrocarbon exploration in the Pacific has announced that it had detected light oil and natural gas.

Monday, November 12, 2012

Estimates by the company Industria Oklahoma-Nicaragua SA (Indoklanicsa) on the volume of the reservoir are for over 27 million barrels.

Laprensa.com.ni reports that "The board of Indoklanicsa, the concessionaire of the project oil exploration Pacífico Costa Adentro de Nicaragua, sent a report to the Ministry of Energy and Mines (MEM) on November, called a Discovery Statement , where the Nicaraguan government announced the first discovery of light liquid hydrocarbon and natural gas in initial amounts estimated at more than 27 million barrels .... the documents state that the oil found is of very good quality, ie, about 36 degrees or API (American Petroleum Institute), which is the unit of measurement of the quality of oil. "

In this regard, the Deputy Minister of Energy, Lorraine Lanzas, said "in their opinion, it is still too early to be sure that there is oil for industrial exploitation in Nicaragua. Lanzas explains that 'we believe that it is not possible to know of the existence of oil let alone the amounts, if there are not any more exploration wells. They (Indoklanicsa) have three wells, but they were planning to do one (more) and did not, it is not possible to know whether there is any or not '. "

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