Belize Grants Production Agreement to Spartan Petroleum

Belize's government has issued a new production sharing agreement (PSA) to Texas-based Spartan Petroleum Corporation for blocks 2, 16 and 17 of the country's Corozal district, the government said in a statement.

The PSA gives Belize royalties of 12.5% on oil and 7.5% on natural gas, a minimum of 11% production sharing and a working interest option of 10%.

Belize has issued six PSAs since 2005 and is presently considering applications from five other companies for oil exploration.

Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.

Related Companies
 Company: Spartan Petroleum Corporationmore info
 - Belize Grants Production Agreement to Spartan Petroleum (Jun 13)

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Oilfield Sales Representative - Outside Sales (Oil and Gas)
Expertise: Business Development|Project Management|Sales
Location: Odessa, TX
EU Business Development Manager - Refining/Maintenance Services
Expertise: Business Development
Location: Houston, TX
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours