With an investment of $15 million in a second well, the reservoir volume and economic viability of its operation can be confirmed.
The company City Petén has invested $15 million in order to begin drilling a second well in the field at Ocultún in Petén. The Panamanian company plans to confirm the finding of a large reservoir of natural top quality gas and its production potential.
The possibility that Guatemala has the necessary amount of natural gas for power generation attracts interest from various sectors.
A few weeks ago City Petén discovered a gas condensate reservoir from which, once refined, superior and regular gasoline and diesel and gas could be obtained. At the moment 250 barrels per day of natural gas are extracted and although this is not enough for industrialization, it could be a sign that there is more in the areas that are to be explored, explained Jose Paez company representative.
The company City Petén has discovered a reservoir of high quality condensate, rich in butane and propane, in an oil well in Ocultún, Petén.
"Everything indicated that Guatemala only had heavy oil with high sulfur content. However, this discovery of natural gas is changing the energy mix in the medium term, " said Luis Ayala, director of Hydrocarbons of the Ministry of Energy and Mines.