Ecuador: 12 Companies Interested In Six Marginal Oil Fields
22 Setembro 2011 - 5:36PM
Dow Jones News
At least 12 companies submitted offers for six marginal oil
fields in the Amazonas region, the Minister of Nonrenewable Natural
Resources Wilson Pastor said Thursday.
The fields are Armadillo, Chanangue, Charapa, Eno-Ron,
Ocano-Pena Blanca and Singue.
In a press release the minister said that the offers will be
opened on Monday.
Service contracts for these fields are expected to be signed
later in October.
A field is considered marginal in Ecuador if production from it
doesn't exceed 1% of total national production. National production
is around 500,000 barrels a day.
Pastor also said that the Andean country expects in November to
sign contracts for improving and recovering production at five
mature Petroecuador oil fields.
Last year Petroecuador called 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 offers.
Production at these mature fields has been declining by up to
12% per year.
Schlumberger Ltd. (SLB), Baker Hughes Inc. (BHI), Halliburton
Co. (HAL) and Ecuador's Sertecpet are among companies interested in
mature fields, Pastor said.
According to Pastor, the companies will invest about $3.3
billion during the first five years.
The companies will carry the financial risk of operating the
fields.
-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653;
mercedes.alvaro@dowjones.com
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