Three companies in quest for oil and gas in Panama

More than $88 million has been allocated by three companies to carry out geophysical studies to determine the possible existence of oil and natural gas in Panamanian soil, and the first in the field has completed its data collection process.

GX Technology has completed data collection on the content of the coast and sea of the Panamanian Caribbean. From now on, the Energy ministry can now start to put out to tender the blocks for exploration of gas or oil fields.

Source: Newsroom Panama