The National Secretariat of Energy had hired the company to OTS, with funding from the Corporation Andina de Fomento (CAF), to rearrange, classify and analyze the existing information on oil exploration.
The work involved the development of a database with information on the country's oil collected over the last 50 years, including discoveries, geology, and sites with the most potential, among other things. To date, 10 geological basins where there are likely to be oil reserves have been identified, some in the sea. These 10 basins are located in Darien, Gulf of San Miguel, Gulf of Panama, Bocas del Toro and Bayano.
Juan Manuel Urriola, the head of the Panamanian National Secretariat of Energy, said that "completion of the exploratory analysis found that in Bocas del Toro, in the area of Azuero, in the Gulf sector in the province of Darien, and the Caribbean coast of Panama there are deposits of oil."
The official reported that "it has been recommended that a tender be made this year in blocks for those areas."
Source: diariouniversal.net
More on this topic
January 2011
The Energy Department expects in March to tender the first concessions for oil exploration.
Panama's energy secretary, Juan Manuel Urriola, added that studies on the existence of oil, which are 60% completed, have revealed favorable results. Mainly, in the area of Azuero, Bocas del Toro and Darien.
September 2010
The State Energy Secretariat has signed a deal with the company OTS to search for the existence of petroleum in the country.
OTS, formed by employees and ex employees from Venezuelan company Petróleos de Venezuela S.A., will collect information on deposits in Tonosí, Darién and Bocas del Toro.
May 2010
President Martinelli: “In Panama there is petroleum in Darién, we are conducting studies and have confirmed that the Colombian oil veins run into Panama”.
Based on information from an unidentified official from the Colombian Mining Ministry, Martinelli expressed his optimism on the presence of petroleum in Panama.
January 2011
The company was contracted by the Government in order to identify potential areas for exploitation.
The study to be conducted throughout the country will be funded by the Corporación Andina de Fomento (CAF) and the State.
Referring to the areas studied, the Minister of Economy and Finance mentioned Bocas del Toro, in the border with Costa Rica, south of Chiriqui, the Gulf of Panama and the Gulf of Uraba.
español
1699
