(Energy Analytics Institute, 4.Jan.2021) â The long awaited merger of Ecuadorâs two state oil and gas entities EP PetroEcuador and PetroAmazonas EP was approved by the South American countryâs President LenĂn Moreno. The restructuring of the two companies conclosed on 31 December 2020 and Moreno signed executive decree #1221 on […]
Tag: Petroamazonas EP
PetroAmazonas EP Producing 408,163 B/D
(Energy Analytics Institute, 12.Nov.2020) â Production from Ecuadorâs state entity in charge of oil and gas exploration and exploitation, PetroAmazonas EP, reached 408,163 barrels per day (b/d) on 12 November 2020. Private companies in Ecuador contributed another 103,424 b/d, PetroAmazonas announced in an official statement. As a result, Ecuadorâs total […]
Petroamazonas EP Gets New Manager Franklin Paredes
(Energy Analytics Institute, 8.Nov.2020) â The Board of Directors of PetroAmazonas EP, led by the Ecuador’s Minister of Energy and Non-Renewable Natural Resources RenĂ© Ortiz and the Chairman of the Board of the Public Companies Coordinating Company (EMCO EP) JosĂ© AndrĂ©s LĂłpez, appointed Franklin Paredes Galeas as deputy general manager […]
CEOs At PetroEcuador And PetroAmazonas Resign
(Energy Analytics Institute, 3.Nov.2020) â The CEOs of Ecuador state oil entities EP PetroEcuador, Ricardo Merino, and PetroAmazonas EP, Juan Carlos Bermeo, resigned within a 24-hour period over the weekend, reported online newspaper El Universo. Issues weighing in on both departures include fees related to Ecuadorâs Oleoducto de Crudos Pesados […]
Executives At Ecuador’s State Oil Entities Resign
(Reuters, 2.Nov.2020) â The chief executives of Ecuadorâs two state-owned oil companies resigned over the weekend ahead of a planned merger of the two firms, the countryâs energy ministry said in a statement on Monday. The government has said the merger of Petroecuador, which controls the countryâs oil refineries, and […]
Ecuador Eyes Suspending Spot Oil Sales In 2021-22
(Energy Analytics Institute, 29.Oct.2020) â Ecuador eyes suspending spot sales of crude oil during 2021 and 2022 with the aim of resuming them in 2023, daily newspaper El Universo reported on 29 October 2020, citing comments from the countryâs Deputy Hydrocarbons Minister MarĂa Eliza Soledispa. The announcement comes as the […]
Ecuadorâs Oil Output At 512,439 B/d: MERNNR
(Energy Analytics Institute, 1.Sep.2020) â South Americaâs Ecuador, formerly a member of the Organization of Petroleum Exporting Countries (OPEC), announced production of crude oil reached 512,439 barrels per day on the first day of September 2020. Of the production, PetroAmazonas accounted for 410,104 b/d or 80% of total production while […]
EP PetroEcuador And PetroAmazonas EP To Merge
(Energy Analytics Institute, 28.Aug.2020) â Ecuadorâs state oil and gas entities EP PetroEcuador and PetroAmazonas EP have been given the go ahead for a merger that will go into effect 1 January 2021. The deal will be executed with respect for all the obligations and contractual commitments acquired by the […]
PetroAmazonas Reduces Activities In Block 43-ITT
(Energy Analytics Institute, 29.Jul.2020) â PetroAmazonas EP will reduce its work capacity by 30% in Block 43âITT (Ishpingo, Tambococha, Tiputini), located in Orellana province, for 45 days. The decision was made to preserve the health of employees and collaborators during the Covid-19 pandemic, PetroAmazonas General Manager Juan Carlos Bermeo CalderĂłn […]
PetroAmazonas Develops 63.5 Ha On Blocks 43 And 31
(Energy Analytics Institute, 3.Jun.2020) â PetroAmazonas EP has developed 63.50 hectares of Block 43-ITT (Ishpingo, Tambococha, Tiputini) and Block 31, both located in the province of Orellana. Of the figure, approximate 26.60 hectares corresponds to Block 43 and 36.90 hectares to Block 31, PetroAmazonas announced 3 June 2020 in an […]
Ecuador Oil Flow Tumbles, Pipeline Repairs Advance
(Argus, 15.Apr.2020) â Ecuador’s oil production dwindled to just 68,000 b/d on 13 April in the wake of weather-related pipeline ruptures last week, forcing state-owned PetroEcuador to reprogram most crude exports into May. PetroEcuador said it has pushed 10 crude export loadings from April to May as it works to […]
Ecuador Names New Energy Minister
(Reuters, 19.Nov.2019) â Ecuadorean President Lenin Moreno on Tuesday named a close ally as the new energy minister as the Andean nation seeks to boost oil production and expand its mining sector. Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons. Agusto has previously worked […]
LatAmNRG Ecuador Briefs: Force Majeure Lifted
(Energy Analytics Institute, Piero Stewart, 20.Oct.2019) â Heard on the street and LatAmNRG briefs related to EP PetroEcuador lifting force majeure and the programmed stoppage at the Esmeraldas Refinery. PetroEcuador Lifts Force Majeure (Energy Analytics Institute, Piero Stewart, 20.Oct.2019) â EP PetroEcuador on Oct. 20 lifted force majeure, which had […]
Ecuadorâs SOTE Halted On Low Oil Deliveries
(Energy Analytics Institute, Piero Stewart, 9.Oct.2019) â Ecuadorâs Trans-Ecuadorian Pipeline System (SOTE) halted operations at 1pm on Oct. 9. The stoppage was due to the low delivery of crude oil resulting from suspension of operations at oil fields operated by state oil company Petroamazonas EP after being overrun by outside […]
Ecuador Frees Up Fuel Prices, Unrest Erupts
(Argus, 3.Oct.2019) â Unrest has broken out in Ecuador ahead of the lifting of motor fuel subsidies tomorrow. The government declared a state of emergency today to try to quell the unrest. In a national address late yesterday, President Lenin Moreno announced a decree to remove the subsidies from diesel […]
LatAmNRG Ecuador Briefs: PetroAmazonas Deals, Drilling, Output, And Merger
(Energy Analytics Institute, Piero Stewart, 20.May.2019) â Heard on the street and LatAmNRG briefs related to the Petroamazonas EP and contracts for $78.1 million with Chinaâs CNPC And Sinopec, optimized drilling at Sacha and Coca Payamino, rising output during the first four months of 2019, secondary recovery efforts and the […]
EP PetroEcuador Says 11 Fields Generated $6.2 Billion In 2018
(Energy Analytics Institute, Piero Stewart, 18.Apr.2019) â EP PetroEcuador announced that production of 400,974 barrels per day (b/d) in 2018 from 11 fields generated revenues of $6,199 million, the company said in an official statement on its website. In terms of production, the top three fields were Shushufindi (69,369 b/d), […]
Ecuadorâs Energy Minister Calls For Audit Of Gasvesubio Export
(Energy Analytics Institute, Piero Stewart, 10.Nov.2018) â Ecuadorâs Minister of Energy and Non-Renewable Natural Resources Carlos PĂ©rez GarcĂa has requested that the Comptroller of the country carry out a special examination of Contract 2016063 signed between EP Petroecuador and the private company Gasvesubio Export (owned by the Eljuri group), on […]
Petroamazonas EP Says Block 43 ITT Producing 75,000 b/d
(Energy Analytics Institute, Ian Silverman, 9.Aug.2018) â Block 43 ITT, located in the province of Orellana, is currently producing 75,000 barrels per day. Production at the block is expected to reach 80,000 barrels per day by year end 2018, announced Ecuadorâs Hydrocarbon Ministry in a statement on its website. ***