Guatemala accelerates efforts to attract foreign E and D capital
The Guatemalan government, headed by recently elected President Alvaro Arzu, has embarked on an ambitious program of petroleum exploration and development with the goal of producing 40,000 b/d by 2000. Production averaged 16,000 b/d last fall and was to be raised to 25,000 b/d by year end 1996. Oil and gas exploration began in Guatemala in the 1920s, but production is currently limited to two regions in the Peten basin in northeastern Guatemala. Officials at the Ministry of Energy and Mines aim to encourage comprehensive evaluation of the Peten basin as well as exploration of the Amatique basin in southeastern Guatemala and the Pacific basin on the country`s Pacific coast. The paper describes the Peten basin, the Amatique basin, the Pacific basin, bidding, and contract rules.
- OSTI ID:
- 423117
- Journal Information:
- Oil and Gas Journal, Vol. 95, Issue 3; Other Information: PBD: 20 Jan 1997
- Country of Publication:
- United States
- Language:
- English
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