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The laws governing licenses for exploration of oil and gas are some of the most liberal in the world. Total footage of nearly 250,000 ft were, drilled and about 6,000 line miles of seismic surveys were conducted. Besides this, aeromagnetic, gravity, and geological mapping were done. Photogeomorphological.
Little is officially known about the history of oil exploration in Belize. A local newspaper recently reproduced an old interview with a Belizean Mr.
A small company called Treaty Energy Oil has been doing limited oil exploration in Belize and issuing frequent, upbeat press releases. In January 2012 it issued a sensational press release stating it had stuck oil in southern Belize and discovered a new oil field.
Belize Oil And Mineral Reports– comprehensive list of feasibility studies on petroleum and minerals with serial numbers for reference. Most of these reports are available from the Belize Geology and Petroleum Unit. PDF file. Link will open in new.
In a television interview on 11 June 2012 CEO in the Ministry of Petroleum Colin Young gave an update on the Maranco oil find and current oil revenue sharing structures. R. COLIN YOUNG “In terms of the Maranco oil find in the South Canal Bank #1 well, the.
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