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Ecuador Overview

Ecuador

in figures

Oil Reserves8.3 billion barrels

Gas Reserves11 bcm

Ecuador: Aligned to International Objectives

Angola leaves OPEC following production cuts
NEWS
Angola - December 22, 2023

Angola has decided to leave intergovernmental oil organization OPEC following production cut agreements, the country’s…

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TEY_post_Miguel-PELETEIRO
Interview
Mexico - November 03, 2022

Miguel Peleteiro, head of oil and gas for Kroll, talks to The Energy Year about how Mexico can capitalise on its fossil fuels…

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Interview
Abu Dhabi -

Jorge Neher, a partner at Dentons Cardenas & Cardenas, talks to TOGY about the need for further flexibility from National Hydrocarbons Agency (ANH), why the government…

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Ecuador puts onshore blocks on offer
NEWS
Ecuador - September 12, 2018

Ecuador launched a bidding round for eight onshore blocks on Tuesday, local and international media reported.

The Iguana, Perico, Arazá Este, Pañayacu Norte,…

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PetroEcuador in management change
NEWS
Ecuador - July 12, 2018

Marcelo Proano has been appointed as the CEO of Ecuador’s state-owned downstream company, PetroEcuador, international media reported Wednesday.

Proano will…

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Ecuador to expand March offer, up output
NEWS
Ecuador - February 28, 2018

Ecuador will add four mature onshore oilfields and the Amistad offshore gasfield to an auction scheduled for March, international media reported on Tuesday.

The…

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Canacol to exit Ecuador
NEWS
Ecuador - December 20, 2017

Canacol has signed an agreement to divest from its Ecuador assets for USD 36.4 million.

It will sell its 25% stake in Servicios Libertador, a holding company which…

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ConocoPhillips in Ecuador settlement
NEWS
Ecuador - December 05, 2017

Ecuador has agreed to pay ConocoPhillips USD 337 million in a settlement for the expropriation of two blocks, the E&P giant announced on Monday.

In 2012, the…

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Interview
Argentina - September 18, 2017

Martín F. Brandi, the president of Petroquímica Comodoro Rivadavia (PCR), talks to TOGY about the challenges upstream operators face and potential investment areas.…

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Interview
Argentina - August 28, 2017

Ernesto Díaz, Wood Mackenzie’s regional director in Latin America, talks to TOGY about the differences between developing projects in Vaca Muerta and the Permian…

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