Between January and June Ecuadorian oil production stood at an average of 551,000 barrels per day, when the expected target was 532,000 barrels. This is an increase of around 4%, reported the Ministry of Hydrocarbons.
“Ecuadorian oil production continues to rise, “the Secretary of State said in a statement. In the case of Petroamazonas EP, the estimated production was 348,000 barrels and the public company has reported 358,000 barrels. Meanwhile, in the joint venture Napo River Operations, production is located at 72 thousand barrels per day..
“The production of private companies remains close to 120 thousand barrels per day: initially its target was 98 thousand barrels, which shows the confidence generated by the country, which has attracted more investment than expected, despite the fact that Companies have already met the values agreed for this year, “the statement said.
The Minister of Hydrocarbons, Jose Icaza Romero, said that this increase of 4% “is the result of a sustained work plan in which resources are prioritized, so that all operating activities of the companies are carried out with the lowest Quantity of resources, taking full advantage of the human resources and assets already owned by companies. ” The official added that one of the objectives of its management is to promote greater production, “since the oil sector is consolidated and is a resource that must be used for the benefit of all.”
Petroamazonas EP implemented a plan of optimization of resources, in addition to a series of technological mechanisms which, according to the Ministry, “have allowed to increase the production of the fields”. (I)