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Perenco to invest $35 million in Guatemala’s Xan oil field, but permits awaited

Thursday, May 26, 2011

Anglo French oil company Perenco plans to drill two wells in Guatemala but environmental permits are still pending.

In all, perenco plans to invest $35 million in its Xan field in Petén province.

The investment is to include $12 million for the two wells, but the investment is on hold because the Environment ministry has yet to release the necessary permits.

Original source (in Spanish): El Periódico