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2026
No significant news in 2026.
2025
No significant news in 2025.
2024
No significant news in 2024.
2023
No significant news in 2023.
2022
No significant news in 2022.
2021
No significant news in 2021.
2020
No significant news in 2020.
2019
No significant news in 2019.
2018
No significant news in 2018.
2017
No significant news in 2017.
2016
No significant news in 2016.
2015
No significant news in 2015.
2014
Apr 2014: Citation Resources has advised that the Atzam-5 well at the Atzam Oil Project has encountered significant oil shows. An upgrade of the oil resource estimate for the Atzam Oil Field is expected. Atzam-5 is a step out 1.2 kms from Atzam-4.
2013
Feb 2013: Guatemala has accepted 15 bids from 9 exploration companies after opening up 1.97 mm acres of land mostly in the Peten basin. The country hopes to boost production to 51,000 bbls per day by 2020, up from the 10,000 bpd in 2012 (GS notes: unlikely to be achieved). Oil output peaked in Guatemala in 1998 at 25,000 bbls per day. The companies will perform 3 years of mapping before drilling. Most of Guatemala's oil, which is high in sulphur, is exported to North America.
2012
Sep 2012: Citation Resources began production in Dec 2007 from the Atzam field in Block 1-2005 in the South Peten basin. It is now drilling Atzam-4 and Atzam-5. Citation is the majority holder of Block 1-2005, as well as Block 6-93, together estimated to hold reserves of 2.3 mm bbls of oil. The suspended Tortugas salt dome field is also on the block which has had 17 wells drilled. It is hoped that Atzam has the potential of the Rubelsanto field which has produced over 30 mm bbls of oil since its discovery in 1976 and currently produces 1,000 bbls per day.
Central America
