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US-based Mallon Oil to be informed this week of reasons for Costa Rica’s moratorium on upstream work

Tuesday, August 16, 2011

\ Doubts on the future of the contract awarded by US-based Mallon Oil for the exploration and production of hydrocarbons in northern Costa Rica will be cleared up this week.\ \ René Castro, the minister for Energy and the Environment, is to inform the company on the implications of the three-year moratorium recently decreed by the Costa Rican president, Laura Chinchilla. Costa Rica’s official daily will publish the decree by Friday at the latest. The concession was awared in 1998.\ \ Original source (in Spanish): La República\ \ \ \