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Country summary: Ecuador

energy-pedia opportunities - Ecuador:
Current deals: 5
Licensing articles: 55
Completed deals: 12

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Ecuador - recent news

13 Mar 19
Ecuador: GeoPark announces new acquisition and country entry into Ecuador
GeoPark has announced its entry into Ecuador through the acquisition of the Espejo and Perico blocks. The blocks were awarded to a GeoPark and Frontera consortium in the form of production sharing contracts in the Intracampos Bid Round.
13 Mar 19
Ecuador: Gran Tierra Energy announces new-country entry into Ecuador
Gran Tierra Energy has announced that, based on preliminary results, the Company has made a new-country entry into Ecuador through the submission of winning bids for a total of three blocks, which were offered in Ecuador's Ronda Intracampos. The three blocks are located in the Oriente Basin.
12 Mar 19
Ecuador: Six companies bid in Ecuador oil auction - investment likely lower than expected
Ecuador has received bids from six oil companies for seven little-explored oil blocks with potentially high reserves, but investment in the area may be less than had been expected, the energy minister said.
12 Sep 18
Ecuador: Ministry of Energy and Non-renewable Resources in Ecuador announces Intracampos Licensing Round
Ecuador has announced an open licensing round for eight blocks onshore Ecuador in Sucumbíos Province. These comprise: Araza Este, Changue, Iguana, Perico, Espejo, Pañayacu Norte, Charapa and Sahino. The blocks offered are all onshore, conventional opportunities. All are low risk exploratory blocks and are located close to established fields.
20 Mar 18
Ecuador: INPEX agrees with Government of Ecuador on compensation for termination of Block 18
INPEX has reached an agreement, through its subsidiary TEIKOKU OIL ECUADOR, with the government of Ecuador whereby the Government shall pay cash compensation of a total of US$318.7 million for the termination by the Government of the contracts related to Block 18 in 2010.

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