Panama Contracts Oil Exploration

©image: Richard Masoner

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.

"Berta Burgos, head of Public Relations of the State Energy Secretariat, confirmed that a database is being put together containing the location of the country's hydrocarbons in order to later explore and exploit those sites," reports Prensa.com.

The $476,765 contract is financed by funds from the Inter-American Development Bank (IDB) as well as the Energy Secretariat.

Source: Prensa.com

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