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Why is the Sacha oil field in Ecuador so important?

Summary by Teleamazonas
The Sacha or Block 60 field, located in the province of Orellana, is key in the oil production of the country. Its production capacity and the quality of crude that is obtained led it to be considered "the jewel of the crown" of Ecuador, but at present its award generates uncertainty and questions.The entry Why is the Sacha oil field in Ecuador so important? it was first published in Teleamazonas.
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The Sacha or Block 60 field, located in the province of Orellana, is key in the oil production of the country. Its production capacity and the quality of crude that is obtained led it to be considered "the jewel of the crown" of Ecuador, but at present its award generates uncertainty and questions.The entry Why is the Sacha oil field in Ecuador so important? it was first published in Teleamazonas.

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In a press conference, Inés Manzano, Minister of Energy and Mines, justified the award of the Sacha field. According to Manzano, after an audit, it was known that 4 of the 5 stations are in a critical operating state, and the remaining one in an "untolerable" operating state. The entry Minister of Energy confirms delegation of the Sacha field; "it is not privatized or sold", clarifies it was first published in NOTIMUNDO.

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Inés Manzano, Minister of Energy, gave a press conference where he detailed several doubts about the concession of Campo Sacha. The Ecuadorian State will receive a non-reimbursable premium of $1.5 billion and 100% of that money will be invested in the social sector of the country. Manzano said that health and care for the victims of the floods is the priority and that it cannot wait. Finally, Manzano asked the Comptroller General of the State to…

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The National Government announced at a press conference that it will receive an advance of USD 1.5 billion by the delegation of the Sacha field operations.

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TC Televisión broke the news in on Tuesday, March 4, 2025.
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