Problems with Oil Contract in GuatemalaThe government is negotiating negotiate contractual issues with City Petén, concessionaire of the exploration and exploitation contract for oil area Petén 1-2008.Friday, August 24, 2012
In order to complete the award process seven legal aspects that have been identified by the Ministry of Energy and Mines (MEM) must be corrected, said the head of the ministry, Erick Archila. Source: prensalibre.com ¿Busca soluciones de inteligencia comercial para su empresa?Oil Contract Approved in GuatemalaAugust 2013 The government has awarded the company City Petén a contract for exploration and exploitation of oil in the Yalcanix area in the department of Petén. Offers by Oil Companies in GuatemalaFebruary 2013 Nine companies have submitted 15 bids to the Ministry of Energy and Mines, in the tender for exploration and exploitation of seven oil fields. Guatemala Prepares Oil TenderJuly 2012 The Ministry of Energy and Mines is continuing its search for companies interested in participating in a tender for the seven oil fields located in Petén. Uncertainty Over Oil ConcessionMay 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.
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