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New Guatemala law tries to attract new explorers

Journal Article · · World Oil; (United States)
OSTI ID:7075604

With only 6,280 bopd of production and reserves of only 13 million barrels, Guatemala's 25,200 bpd thirst has forced the country to rewrite its petroleum law. Among pluses in the new law are full-cost recovery and prices based on world levels. However, the stiff royalty and no provision for neutral arbitration are significant minuses.

OSTI ID:
7075604
Journal Information:
World Oil; (United States), Journal Name: World Oil; (United States) Vol. 198:2; ISSN WOOIA
Country of Publication:
United States
Language:
English

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