Perenco has operated in Guatemala since 2001. Oil production comes from the Xan Field, located in the north-west Petén region of Guatemala.
Perenco has operated in Guatemala since 2001. Oil production comes from the Xan Field, located in the north-west Petén region. Part of the state’s financial contribution to the project is distributed to the local municipalities of Petén, thus providing assistance for the development of rural communities.
Perenco’s Guatemala operations have been able to reduce the economic decline of the Xan Field to virtually 0%.
Perenco operates Guatemala’s pipeline infrastructure network of 477km, connecting the Xan and Rubelsanto fields to the Piedras Negras terminal on Guatemala’s Atlantic coast. The facility has a storage capacity of 430 000 barrels and dispatches an average of 12 vessels per year.
Perenco also operates a refinery with a processing capacity of 5 000 bopd, producing fuel oil for use at Xan and asphalt for the Central American consumer market.
A power optimisation project was commissioned in 2014, allowing more fluid from the reservoir and much greater efficiency of the overall operation.
In 2013, Perenco Guatemala participated in the bidding round for new exploration blocks in the north of Guatemala. The area of Cotzal (La Cruces Municipality) bordering Mexico and the Usumacinta River was awarded to Perenco. Perenco Guatemala will initiate a 500 km² seismic program in 2015 as soon as the contracts are finalized with the Ministry of Energy and Mines.