News listings

energy-pedia general news

Ecuador flagEcuador

South America / GoM >>> Ecuador

Ecuador: Petroecuador says Amistad gas field in Block 3 may have 360 bcf gas reserves

01 Aug 2011

Photo - see caption

Ecuador's state oil company Petroecuador said Friday that probable natural gas reserves in the Amistad Norte and Amistad Suroeste areas of Block 3 could reach 360 billion cubic feet (bcf). Block 3 is located in the Amistad gas field, in the Gulf of Guayaquil. The field was formerly operated by a local unit of Noble Energy, but Petroecuador took it over after the U.S.-based company refused last year to change its production-sharing contract to a new service agreement.

In a statement, Petroecuador said that the data came from seismic works carried out by local firm Ilvetecnica. The seismic results were analyzed by a Russian institute, said Petroecuador. According to Petroecuador, two important gas and oil prospects were found in Amistad Norte, while two smaller prospects of little importance were found in Amistad Suroeste. Exploration wells are necessary to confirm the discoveries.

Currently Block 3 produces 35 million of cubic fee of natural gas per day.

Source: Dow Jones Newswires

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current deals: 1664
Completed deals: 5100

Company Profiles

Current Company Profiles: 2625

Corporate Activity

Current Corporate Activity articles: 3181

Companies Looking

Current number of articles: 424

Company Sales

Current Company Sales articles:1318


Current Geostudies articles: 613

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Union Jack Oil 149
EP Consult Energies
count geophysics
KL Publishing
Lynx Information Systems
Rose & Assocs 149
RSK Logo 149
Government of South Australia
SLR Consulting logo
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675