Guatemala upgrader feasibility study planned

By OGJ editors

Two companies will study the feasibility of building a facility in Guatemala to upgrade heavy crude oil.

Ivanhoe Energy Inc., Calgary, and Coban Oil and Gas of Guatemala will conduct a study to determine the conditions under which they could upgrade Guatemala’s native crude oil for domestic use and export. They said the study will contain all elements needed to reach an investment decision for a 10,000 b/d facility.

Guatemala has 120 million bbl of proved reserves and much more than that in contingent and prospective resources, the companies said. The country exports 11,300 b/d of oil and imports 75,000 b/d of refined products. Native crudes are heavy and sour and require complex upgrading to improve their value on international markets.

The principals of Coban have experience in upstream operations in Latin America through their involvement in Vatpetrol, oil field services, drilling and workover operations, drilling and completion fluids, and terminal and oil storage operations services. They are also involved in a multidisciplinary geosciences consulting group OTS Latinamerica LLC that has worked for the last 8 years in Guatemala and other Central American countries studying and evaluating oil and gas reserves and resources.

Related Articles

BPTT adds to reserves at Angelin offshore Trinidad and Tobago

03/24/2014 BP Trinidad & Tobago's (BPTT) Ocean Bottom Cable Seismic (OBCS) has already added significant proved reserves to its Angelin gas discovery in 8...

BPTT adds to reserves at Angelin offshore Trinidad and Tobago

03/13/2014 BP Trinidad & Tobago’s (BPTT) Ocean Bottom Cable Seismic (OBCS) has already added significant proved reserves to its Angelin gas discovery in 8...

IOC to buy stake in proposed PNW LNG terminal

03/10/2014 Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC;...

Watching Government: Murkowski's Arctic heat

02/24/2014 As the nation's capital tried to dig its way out of snow left from a pair of storms, US Sen. Lisa Murkowski (R-Alas.) leveled a blast at the Obama ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected