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Energy
Oil Production in Ecuador
The net production of Ecuadorian oil fields reached
495,055 barrels per day in 2010. Of this total, pri-
vate companies contributed 172,766 barrels per
day.
The daily average total net production projected
for December 2010 was 509,509 barrels per day,
according to the Ministry of Non Renewable Re-
sources.
The state production (EP Petroecuador, and Rio
Napo Petroamazonas EP) since October 2010 in-
creased and reached 313,450 barrels, while private
companies contributed 158,550 barrels. The total
production in October 2010 was 472 000 barrels.
RENEGOTIATION OF OIL CONTRACTS 2010
The following 8 contracts were renegotiated and amend-
ed to provide services for oil exploration and exploitation.
Overall, they represent 86% of the total oil production:
- Block 10 of Agip
- MDC (Mauro Dávalos Cordero) and PBHI (Paraíso,
Boguinos, Huachito and Intracampos) blocks of Enap
Sipetrol
- Tarapoa block of Andes Petroleum
- Block 14 and 17 of PetroOriental
- Blocks 16 and Bogui-Capiron of Repsol
On the other hand, 5 contracts that only represented
the 14% of the total oil production of the country were
finished:
- Block 18 and Campo Unificado Palo Alto Azul block of
Ecuador TLC Petrobras
- Block 1 of Canada Grande
- Block 3 of EDC
- Block 11 of CNPC
These blocks will be taken under exploitation of the state
oil company Petroecuador EP.
10 BIGGEST ENERGY COMPANIES
2) HYDROCARBONS
Preparing the oil equipment. Source: Sertecpet
Front view of Agoyan Dam. Source: Conelec
Source: Vistazo Magazine, Nº1034, September 2010