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Country summary: Ecuador

energy-pedia opportunities - Ecuador:
Current deals: 5
Licensing articles: 52
Completed deals: 12

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Ecuador - recent news

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.
13 Mar 18
Ecuador seeks $800 million investment in oil and gas bid round
Ecuador on Tuesday launched a bidding round for foreign companies to develop oil and gas reserves, hoping to attract some $800 million in investment to boost production in the Andean nation’s sluggish economy.
22 Jan 18
Ecuador: Amerisur Resources provides update on Ecuador operations
Amerisur Resources has provided an update on agreements in Ecuador for the use of the OBA/RODA pipeline systems for transport of Amerisur crude oil.
08 Oct 17
Ecuador to offer oil blocks under new bidding terms in January 2018
Ecuador will offer oil exploration and production blocks in January under new contract terms that it expects will attract more interest and allow the OPEC-member country to compete with its neighbors for foreign investment, the oil minister said.

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