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Guatemala is located in Central America, next to Mexico and Belize. Until 2001, it was the only Central American country with proven hydrocarbon reserves. However, it produces only modest volumes of oil and is dependent on imports for most of its energy needs. Historically, the country attracted both major and minor players, but a 36-year civil war greatly inhibited activity until peace accords were struck in 1996. Since then there has been an increase in exploration and development work, ...
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This report includes 2 file(s)
Country Overview PDF - 735.62 KB 20 Pages, 10 Tables, 7 Figures
Country Overview XLS - 411.00 KB
Description
Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.
This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.
Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.
Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Country report | Feb 2017
Guatemala upstream summary
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