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GuatemalaOil Industry
Current potential
Ministerio de Energía y Minas
Ministerio de Energía y Minas
GUATEMALAGENERAL
INFORMATION
GENERAL INFORMATION
Guatemala is home to the largest number of archaeological sites of the Mayan culture, making it as one of the main cultural destinations of the world. The Guatemalan ancestral culture originates with the legacy pre-hispanic indigenousDemography: 13.3 Million inhabitants, divided into 21 ethnic groups of Mayan origin, Ladinos, Xinca and Garifuna. (2007) The official language is Spanish, in addition to 21 Mayan dialects, Xinca and Garifuna. Political Division: 22 departments
Ministerio de Energía y Minas
GENERAL INFORMATION
Coffee is the main export product of the agricultural economy of Guatemala, contributing to a third of the entries in the currency of the country. Other sources of income are the crops of sugar cane, bananas, cardamom and cotton. In the fishing industry, the shrimps are a significant source of income. Guatemala is a country that has the largest manufacturing industry in Central America. Account at the same time with a small copper mining industry, iron, zinc and other metals. In the mid 70’s, were discovered deposits of petroleum.Guatemala still imports all of the hydrocarbon usedfor consumption.
Ministerio de Energía y Minas
HIDROCARBONS
SECTOR
Ministerio de Energía y Minas
SEDIMENTARY BASINS
In Guatemala there are three types of basins, which are the result of geological and tectonic activity of the area:
North/South Petén Basin : All of the current oil fields are located in this basin. The gravity of the oil is around 13 to 16 Degrees API in the North Petén basin and 22 to 38 Degrees API in the South Petén basin.
Amatique Basin: Some shows of oil have indicated the presence of petroleum underground.
Pacific Basin: Some findings of methane hydrates, possibly associated with free gas.
OIL RELATED INFRAESTRUCTURE
EXPLORATION AND EXPLOITATION CONTRACTS
CURRENT EXPLOITATION CONTRACTS
No. / CONTRACTOR LOCATION/ PRODUCTION
2-85 PERENCO GUATEMALA
LIMITED
SAN ANDRÉS, PETÉN 9,985.85 Has
PRODUCCION 10,118.76 BOPD 15.3° API
2-2009 EMPRESA PETROLERA DEL
ITSMO S. A
CHISEC, ALTA VERAPAZ Y SAYAXCHÉ, PETÉN
27,307.22 Has.PRODUCCION 607.47 BOPD
22.8° API
1-91 PETRO ENERGY, S.A.
CHISEC, ALTA VERAPAZ Y SAYAXCHÉ, SAN LUIS, PETÉN
19,773.07 Has.PRODUCCION 207.05 BOPD
12.7°-33.9° API
1-2005 PETRO LATINA
CORPORATION
COBÁN, ALTA VERAPAZ E IXCÁN, QUICHÉ
31,451.29 Has.PRODUCCION 13.98 BOPD
34.6° API
CURRENT EXPLORATION CONTARCTS
No. / CONTRACTOR
LOCATION/ PRODUCTION
6-93PETRO LATINA CORPORATION
FRAY BARTOLOMÉ
DE LAS CASAS, ALTA
VERAPAZ130,186.29
Has.
7-98 COMPAÑÍA
PETROLERA DEL ATLÁNTICO, S.A.
LIVINGSTON, IZABAL
53,793.54 Has.
1-2006 CITY PETEN S. DE
R.L
LA LIBERTAD, PETÉN
39,541.99 Has.
0 $
20 $
40 $
60 $
80 $
100 $
120 $
140 $
160 $
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
USD
MIL
LIO
NS
0
1
2
3
4
5
6
7
8
MIL
LIO
NS
OIL
BARRES
PRO
DUCE
D P
ER Y
EAR
INGRESOS PRODUCCION
PROSPECTIVE INCOME AND PRODUCTION (CURRENT CONDITIONS)
INCOME PRODUCTION
PROSPECTIVE INCOME AND PRODUCTION (BIDDING ROUND GUATEMALA 2012)
INCOME PRODUCTION
LEGAL FRAMEWORK APPLICABLE LEGISLATION
• Hydrocarbons Law, Decree 109-83.
• General Regulations of the Hydrocarbons Law, Government Agreement 1034-83.
• Regulations for the Call to Hold Oil Exploration and Exploitation Contracts , Government Agreement 754-92.
• Call to Present bids to Hold Oil Exploration and Exploitation Contracts, Government Agreement 764-92.
• Contrat Model for Oil Exploration and Exploitation Contracts, Government Agreement 190-2005 and its Accounting Annex , Government Agreement 189-2005.
CLASSIFICATION OF OIL AREAS
The definition of the type of areas is based on existing information and classified as follows:
•TYPE 1. DIRECT AND INDIRECT EXPLORATION: It is the one area where there is seismic information, at least one exploratory well, was part of a previous petroleum contract, or is close to an area where currently is carried oil exploitation.
•TYPE 2. INDIRECT EXPLORATION: It is the one area where there is little geological information, is part of a sedimentary basin and were part of a previous petroleum contract.
PROPOSED AREAS / SEISMIC INFORMATION
Area Hectare
Cotzal 1-2012
80,851.89
San Francisco2-2012
126,994.16
La Libertad3-2012
105,325.50
Laguna Blanca4-2012
158,912.08
Cancuen5-2012
117,331.32
Area Hectare
El Cedro6-2012
35,003.94
Xalbal7-2012
171,720.26
DIRECT AND INDIRECT
EXPLORATION
INDIRECT EXPLORATION
Hectare, measure equal to 10, 000 square meters
BIDDING ROUND GUATEMALA 2012 PROCEDURE
AREAS
REPORTGOVERNMENTAL
AGREEMENTMINISTERIAL AGREEMENT
INTERNATIONAL
PUBLICATION
BID
RECEPTION
BID
QUALIFICATION
AWARD
CONTRACT
SUBSCRIPTION
CONTRACT
APPROVAL
CONTRACT
PUBLICATION CONTRACT
VALIDITYREGISTRATIO
N
AGREEMENTS AND PUBLICATIONS
BID
CONTRACT FORMALITIES
TENDERS QUALIFICATION CRITERIA
TYPE 1: Exploration Indirect / Direct
Royalty & PSh Bid 60%Technical Bid 40%
TYPE 2: Indirect Exploration
Technical Bid 60%Royalty & PSh Bid 40%
• The rating is based on a scale of 100 points.• The maximum reasonable bid submitted will be given the maximum
value assigned, the following equation will be used:
Rating = (Submitted Bid) x ( Maximum Rating) (Maximum Bid)
More information:
Ministerio de Energía y Minas
Dirección General de Hidrocarburos________________________________________________________________________________________________________
Diagonal 17 29-78 Zona 11, Guatemala
PBX +502 24762044
www.mem.gob.gt
