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.
Visit BNamericas to access our real-time news reports, 10-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.
Operates 13 Offshore Rigs
- ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate (Oct 10)
- Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister (Oct 09)
- U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate (Oct 05)
Company: Shell more info
Operates 27 Offshore Rigs
- API Panel Member: Voluntary Methane Program Forthcoming (Oct 06)
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Shell, Varo End Talks on Germany Refinery Stake Sale (Oct 06)