Ecuador Sees Oil Extraction Deals In July Or August
20 Maio 2011 - 5:09PM
Dow Jones News
Ecuador expects to wrap up deals for oil extraction at four
mature oil fields in two or thee months, an adviser to Ecuador's
nonrenewable resources ministry told Dow Jones Newswires
Friday.
The contracts should be signed in July or August, said Miguel
Naranjo, who is a member of Ecuador's contract negotiating
committee, on the sidelines of an oil and gas conference in Santa
Cruz.
At the end of March, Ecuador's state oil company Petroecuador
said it had received 11 offers from nine firms for contracts to
improve and recover production at mature oil fields.
According to the nonrenewable resources ministry, Halliburton
Co. (HAL), Switzerland-based Weatherford International Ltd. (WFT),
Baker Hughes Inc. (BHI), Russia's Bakrie Kalila, Schlumberger Ltd.
(SLB) and China Petrochemical Corp (Sinopec Group) were among the
companies that submitted offers. Petroecuador expects to receive
investment of about $1.5 billion.
Last year Petroecuador called on private companies interested in
service contracts to boost production at Shushufindi, Libertador,
Auca, Lago Agrio and Cuyabeno, which currently produce an average
of 150,000 barrels of oil a day, about 30% of Ecuador's national
output.
Lago Agrio received no offer.
In January, Ecuador's government concluded almost three years of
negotiations aimed at gaining more control over its natural
resources and increasing its oil revenue by replacing
production-sharing deals with services contracts.
The services contracts turn the companies into service providers
for the exploration and extraction of hydrocarbons. Companies will
receive a fee rather than sharing profits.
The new contracts will involve the companies receiving a flat
fee of $32 per barrel, regardless of fluctuations of international
prices, Naranjo said. The price paid will only change based in
inflation, he added.
-By Shane Romig, Dow Jones Newswires; +5411 4103-6738;
shane.romig@dowjones.com
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Schlumberger (NYSE:SLB)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024