You are visiting - copyright © 2009 to 2017   All rights reserved                                                                                                       Home |  Terms of use  |  Datafiles  |  Contact us

Globalshift Limited -                                                                        is as up-to-date as possible but some information may not be the most recent available

Contact Us



E & P News


No significant news in 2017.


No significant news in 2016.


No significant news in 2015.


Apr 2014: Citation Resources has advised that the Atzam-5 well at the Atzam Oil Project  has encountered significant oil shows. An upgrade of the oil resource estimate for the Atzam Oil Field is expected. Atzam-5 is a step out 1.2 kms from Atzam-4.


Feb 2013: Guatemala has accepted 15 bids from 9 exploration companies after opening up 1.97 mm acres of land mostly in the Peten basin. The country hopes to boost production to 51,000 bbls per day by 2020, up from the 10,000 bpd in 2012 (GS notes: unlikely to be achieved). Oil output peaked in Guatemala in 1998 at 25,000 bbls per day. The companies will perform 3 years of mapping before drilling. Most of Guatemala's oil, which is high in sulphur, is exported to North America.


Sep 2012: Citation Resources began production in Dec 2007 from the Atzam field in Block 1-2005 in the South Peten basin. It is now drilling Atzam-4 and Atzam-5. Citation is the majority holder of Block 1-2005, as well as Block 6-93, together estimated to hold reserves of 2.3 mm bbls of oil. The suspended Tortugas salt dome field is also on the block which has had 17 wells drilled. It is hoped that Atzam has the potential of the Rubelsanto field which has produced over 30 mm bbls of oil since its discovery in 1976 and currently produces 1,000 bbls per day.

Low-Cost Spreadsheets


Buy Excel files - histories and forecasts of production and wells split into any category for all countries and regions

Review files

E and P

News Briefs


Central America