Guatemala Adds Offshore Blocks to Planned E&P Tender

The hydrocarbons department of Guatemala's energy and mines ministry has added offshore blocks to a planned E&P bidding process, department director Jorge Silva told BNamericas.

The blocks total three and are off Guatemala's Pacific coast, said Silva, who did not release additional details pending the launch of the bidding process.

Bidding documents have been submitted to the ministry, which must authorize a call for bids, said the official. However, the naming of a new minister has pushed back the launch.

Ministry officials were not immediately available to comment on the bidding process.

The onshore component includes areas A1 and A9. A1 takes up 102,000ha with reserves estimated at 374M-765Mb and A9 covers 107,000ha with reserves estimated at 460M-1.07Bb, according to preliminary information.

The E&P contracts would run 25 years.

Company US Oil Guatemala and UK oil firm Taghmen Energy's local subsidiary PetroLatina already hold E&P contracts in the country.

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