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), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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020200 -- Petroleum-- Reserves
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03 NATURAL GAS
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
CENTRAL AMERICA
CONTRACTS
DEVELOPING COUNTRIES
ENERGY SOURCES
EXPLORATORY WELLS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
GUATEMALA
HYDROCARBONS
LATIN AMERICA
LAWS
MINERAL RESOURCES
NATURAL GAS
OIL FIELDS
OIL WELLS
ORGANIC COMPOUNDS
PETROLEUM DEPOSITS
PLANNING
PRICES
RESERVES
RESOURCES
WELLS