World Energy Research Plans Expansion Into
Guatemala; Exploration For Oil And Natural
Gas
Auckland, New Zealand - World
Energy Research, a New Zealand-based energy
research and investment company, is moving
into energy exploration in Guatemala. WER
plans to investigate the viability of 12
project sites with a focus on
environmentally-friendly oil and natural gas
extraction methods.
Of the 12 sites, three are natural gas
reserves off the Pacific coast of Guatemala
and nine are onshore sites located in the
departments of Peten, Huehuetenango, Quiche
and Alta Verapaz. All projects will be
privately operated and based on contracts by
the Guatemalan government.
This development is expected to bring
multiple benefits to the area, including the
creation of up to 1500 direct and indirect
jobs in each project area. As well, World
Energy Research is structuring plans for a
long term and holistic preservation of the
Maya Biosphere Reserve. Next to the
Brazilian Rain Forest, the Maya Biosphere
Reserve is the world's second largest oxygen
producing natural habitat.
Chad Willis, managing director of World
Energy Research, said, "This move into
Guatemala will be an important advancement
not just for our company and our investors,
but also for Guatemala who will benefit from
having their own sustainable energy market
into the future, possibly even enough to
develop their export markets." Guatemala is
the largest oil-producing nation in Central
America. |
