Guatemala: World Oil Report 1991
This paper reports that government officials have been working on changes to the hydrocarbon law to make it easier for operators to explore. In a reform effort, Minister of Energy and Mines Carlos Hutarte brought a new staff dedicated to spurring oil development into office with him. This includes the Directorate of Hydrocarbons, which held a three-day seminar in Dallas, Texas, to acquaint U.S. firms with new policies. Only one company, Basic Resources International, has been operating in Guatemala over the last year. The firm drilled three onshore wells in 1990 for 16,499 ft, including one oil producer. Two further onshore wells are slated this year. Oil production from 14 active wells out of 16 capable averaged 3,943 bpd, up 8.4% from 1989. Reserves are 191 MMbbl.
- OSTI ID:
- 5673379
- Journal Information:
- World Oil; (United States), Vol. 212:8; ISSN 0043-8790
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
EXPLORATORY WELLS
PLANNING
GUATEMALA
OIL FIELDS
HYDROCARBONS
LAWS
NATURAL GAS
PRICES
CONTRACTS
GOVERNMENT POLICIES
OIL WELLS
RESERVES
CENTRAL AMERICA
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
LATIN AMERICA
MINERAL RESOURCES
ORGANIC COMPOUNDS
PETROLEUM DEPOSITS
RESOURCES
WELLS
030600* - Natural Gas- Economic
Industrial
& Business Aspects
020200 - Petroleum- Reserves
Geology
& Exploration
294002 - Energy Planning & Policy- Petroleum