(Fitch, 7.May.2020) — Fitch Ratings has affirmed the senior unsecured notes issued by Empresa Publica de Exploracion y Explotacion de Hidrocarburos Petroamazonas EP (PetroAmazonas) due in November 2020 at ‘C’/’RR4’. […]
Tag: PetroAmazonas
Ecuador Oil Flow Falls, Pipeline Repairs Advance
(Argus, 15.Apr.2020) — 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 […]
Ecuador’s New Minister Eyes $6.9bn In Investments
(Energy Analytics Institute, Piero Stewart, 22.Nov.2019) — Ecuador’s new oil minister JosĂ© Agusto announced the South American country continues with plans for another bid round, while he added the country […]
Ecuador Resumes Exports After Protests
(Reuters, 20.Oct.2019) — Ecuadorean state oil company Petroecuador said on Sunday it is resuming crude exports after protests this month against government austerity measures forced it to declare a force […]
Ecuador Halts SOTE Over Protests, Eyes Force Majeure
(Reuters, 9.Oct.2019) — Petroecuador halted operations of its Trans-Ecuadorean Pipeline System (SOTE) on Wednesday after anti-austerity protests choked off production from some oil fields it uses for stock, the energy […]
Ecuador’s Government Crisis, Explained
(Bloomberg, Matthew Bristow and Stephan Kueffner, 8.Oct.2019) — Ecuador’s government abandoned the capital city, Quito, as demonstrators sabotaged oil installations and ransacked government offices and businesses over rising fuel costs. […]
CONAIE And CONFENIAE Comment On Indigenous Mobilization
(CONAIE, 8.Oct.2019) — Indigenous peoples across Ecuador have mobilized against the central government’s neoliberal policies and extractive practices, as have workers unions, student unions and a diverse group of civil […]
Petroamazonas’ Production Peaked At 428,780 Boe/d In The First 4 Months Of 2019
(Energy Analytics Institute, Piero Stewart, 19.May.2019) — Petroamazonas EP’s production of crude oil in the first four months of 2019 peaked at 428,780 barrels per day of equivalents, up 5.42% […]
Ecuador President Mandates Merger of Petroamazonas And Petroecuador
(Energy Analytics Institute, Piero Stewart, 24.Apr.2019) — Ecuador’s President Lenin Moreno mandated on 24 April 2019 initiation of a process to merge oil companies Petroamazonas and Petroecuador. The deadline to […]
EP PetroEcuador says Sacha field producing 70,000 b/d
PANAMA CITY, PANAMA (By Energy Analytics Institute, Piero Stewart, 18.Apr.2019, Words: 216) — Crude oil production from Ecuador’s Sacha Field, operated by PetroAmazonas and located in the province of Orellana […]
Ecuador’s Oil Production Climbs To 522 Mb/d In March 2019
(Energy Analytics Institute, Piero Stewart, 8.Apr.2019) — Ecuador’s production of crude oil rose to 522 Mb/d in March 2019 compared to 519 Mb/d in February and 517 Mb/d in January […]
Normal Heavy Oil Extractions Lift 80% Water, 20% Oil
(Energy Analytics Institute, Piero Stewart, 29.Nov.2018) — Normal procedures at heavy oil wells produce water extraction at greater proportions than crude oil, announced an official at Petroamazonas. To be precise, […]
Ecuador, Peru In Talks To Explore Oil And Gas Blocks: Energy Minister
(Reuters, Alexandra Valencia, 11.Oct.2018) — Ecuador has begun talks with neighboring Peru to jointly explore two oilfields at the border and allow state-run Petroamazonas to operate natural gas areas in […]
Ecuador Signs Deals Worth $1.62 Bln for Development of 6 Oil, Gas Fields
(Sputnik, 5.Oct.2018) — The government of Ecuador, represented by the state-run Petroamazonas energy company, signed investment contracts worth $1.62 billion for the development of six oil and gas fields, local […]
Ecuador’s ITT Output Around 60 Mb/d
(Energy Analytics Institute, Piero Stewart, 13.Jul.2018) – Oil production from the Ishpingo, Tambococha and Tiputini or ITT field is around 60,000 barrels per day. With additional work activities, production from […]
PetroAmazonas EP Producing Close to 405 Mb/d
(Energy Analytics Institute, Ian Silverman, 5.Jul.2018) – Ecuador’s PetroAmazonas EP actual production is close to 405,000 barrels per day (b/d). The company’s average cost was $17.08 per barrel in May […]
PetroAmazonas Production Costs Below $20/bbl
(Energy Analytics Institute, Aaron Simonsky, 15.Jun.2018) – Production costs at the state entity remain below the $20 per barrel mark. PetroAmazonas EP’s production costs rose slightly to $17.01/bbl in May […]