Guatemala's Oil & Gas Sector Anticipates Private Investments to Increase Production Capacity, an Industrial Info Market Brief

Guatemala's Ministry of Energy and Mines (MEM) awarded an oil services contract to Alyonca Corporation SA last February for a five-year period. The firm began working in Fray Bartolome de las Casas, Alta Verapaz. The company plans to perform well workover and drilling programs until 2022. It also will construct a crude oil treatment plant, a grassroot terminal and a 66-kilometer crude oil pipeline to deliver the oil from the Huapac and Yaxa fields to the Las Casas field. Industrial Info is tracking seven Alyonca projects in Guatemala worth $111.5 million.