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More Oil Contracts in Dominican Republic

An announcement has been made that in November one of the companies which won a contract will start to carry out oil explorations and that new tenders will be published for 2016.

Friday, April 17, 2015

From a statement issued by the Ministry of Energy and Mines:

The Minister of Energy and Mines, Lic. Pelegrin Castillo announced that next year the Dominican Government will be ready to call on companies interested in hydrocarbon exploration tenders in the country, following the creation of the National Hydrocarbons Base.

Castillo reported that in the Dominican Republic, there has not been a systematic effort made to find out scientifically, whether or not there are hydrocarbons.

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Goods

oil hydrocarbon

Key entities

Ministerio de Energía y Minas (MEM) Pelegrín Castillo Sclhumberger

Countries

Central America

Insight

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Oil Optimism in Nicaragua

September 2016

The results of the examination carried out so far by the Norwegian company Statoil indicate the existence of "interesting geological structures that may contain oil."

Elnuevodiario.com.ni reports that "...Preliminary results of the first stage of research were presented on Tuesday by Statoil to authorities of the state-owned company Empresa Nicaragüense de Petroleos (Petronic), the Ministry of Energy and Mines (MEM), the Ministry of Environment and Natural Resources (Marena), and Enel."

Oil Contract Signed in Guatemala

January 2015

The contract awarded to Greenfields Petroleum to carry out exploration and exploitation of hydrocarbons in the El Cedro, between Alta Verapaz and Petén is now in effect.

The Ministry of Energy and Mines approved the contract with Greenfield Petroleum, effective as of January 2, 2015, to carry out exploration and exploitation of hydrocarbons in the area El Cedro 6-2012.

Reform to Law on Hydrocarbon Exploration

August 2014

A proposal has been made to amend the Special Law on Exploration and Exploitation of Hydrocarbons in order to further extend search deadlines from 5 to 10 years for the operating period and from 1 to 6 years for exploration.

In order to provide longer time frames for exploration and mining stages, the President has sent to the National Assembly a proposal to reform the Special Law on Exploration and Exploitation of Hydrocarbons.

Guatemala to Host Energy Fair 2011

November 2011

From 14 to 16 November, the fifth Central American Energy Fair will take place, with the theme "challenges and opportunities for boosting the region’s energy potential."

The event, which anticipates the participation of 80 to 100 companies, brings together businessmen and investors from the energy and oil sectors and, for the first time this year, the mining sector.