ExxonMobil, Shell Eye Honduras E&P Sector

Anglo-Dutch oil company Shell (NYSE: RDS-B) and US major ExxonMobil (NYSE: XOM) have expressed interest in Honduras' potential hydrocarbons E&P sector, an official from Honduras' energy department told BNamericas.

Company officials met with the Central American country's natural resources and environment deputy minister Valerio Gutierrez last week in Houston, Texas, at a geological seminar highlighting Honduras' hydrocarbons sector.

Other event participants included consultant firms IHS Energy and Lago Energy, said the official.

The government aims to develop the country's hydrocarbons resources to decrease dependence on imports.

Earlier this year, Honduras' government and Japan's Japex Geoscience Institute signed a cooperation agreement to advance hydrocarbons exploration efforts with initial results of the two-year agreement expected in coming months.

The official added the government's aim is to have a draft of an across-the-board energy policy ready by mid-2008.

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