Guatemala Opens 7 Areas to Oil Exploration to Boost Production
This article is for subscribers only.
Guatemala will open seven new sites to oil exploration bids as Central America’s biggest crude producer struggles to reverse declining output.
Guatemala, which shares its northern border with Mexico, will open up nearly 800,000 hectares (2 million acres) for exploration and will discuss offers with interested companies over the next three months, according to a statement posted on the Finance Ministry’s website. The winning bidders will be announced early next year.