World Energy Research Plans Expansion into Guatemala; Exploration for Oil and Natural Gas
Posted on: Friday, 18 September 2009, 19:00 CDT
AUCKLAND, New Zealand, Sept. 18 /PRNewswire/ -- 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 Southern 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.
For interviews or more information, contact: World Energy Research Level 20 ASB Bank Centre, 135 Albert Street, Auckland, 1010 New Zealand Phone: 64+93597492 Fax: 64+93597495About World Energy Research
World Energy Research was founded by a board of directors with more than 57 years experience in investments, finance and energy development. The firm nurtures partnerships with governments and international companies to seek out energy investments with the greatest potential for high returns and low environmental impact: oil and natural gas, solar energy, wind energy and ocean turbines.
World Energy Research is the parent company of World Energy Capital OFC, an offshore finance company, and the soon-to-be-launched World Energy Media, a news service for the energy sector, and World Trade Source, an online trading platform.
Contact: Chad Willis World Energy Research 649-359-7492 info@worldenergyresearch.comSOURCE World Energy Research
Source: PR Newswire
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