Belize Production Sharing Agreement
FCRL Belize Ltd holds a Production Sharing Agreement (PSA) with the Government of Belize to enable us to explore approximately 180,000 acres in North Western Belize.
The PSA area has a known oilfield, 3 distinct exploration targets and is located just North of 2 producing oilfields in the country.
FCRL Belize PSA (outlined in red) in North Western Belize, North of 2 producing fields and a 250km drive from a refinery in Guatemala or an existing terminal at Big Creek in South Eastern Belize
Country Facts
Part of the commonwealth (common law).
Official language English.
Tax treaties include UK, and the Caribbean Nations.
Currency is the Belize Dollar pegged to the USD 2 to 1.
Tourist destination with 1+ million visitors a year with a population of only 400 k.
Tourists safely travel throughout country.
American equivalent infrastructure roads, electricity, cellular throughout country.
Infrastructure, trained personnel, and support services in place.
Favorable Production Sharing Agreement (PSA) terms recently revised in 2019 to attract E&P investment.
Regional Facts
The Corozal basin covers northern half of Belize extending through Belize, Guatemala, and Mexico.
This rift basin has commercial Jurassic and Cretaceous production.
Although exploration started in the 1930's it is still considered a frontier basin.
Oil discovered in Belize 2005 production peak of 5,000 bbl/day but currently at 500 bbl/day.
Extensive Seismic and Well Data
The FCRL lands have extensive seismic and well data covering and adjacent to the exploration area.
Contact Us
If you would like to learn more about this exciting play, please contact us.