Ecuador's state oil company hires Chinese company to increase oil production

Associated Press QUITO (AP) — Ecuador's state oil company announced Monday that it has contracted Chinese company Sinopec to carry out a drilling campaign aimed at increasing total crude oil production by 12,000 barrels per day, a figure that has been declining in recent years. In a statement, it detailed that the contract is worth $105.5 million and that the foreign company will begin drilling and conditioning the new wells beginning in the sec…

Petroecuador will begin a new drilling campaign in the provinces of Orellana and Sucumbíos, which is expected to increase oil production by approximately 12,000 barrels a day. This was announced by the state oil company, noting that six drills will be deployed simultaneously for the work.

Ecuador announced Monday that it has contracted Chinese oil company Sinopec to drill new wells in the Amazon, which should enable it to increase its struggling oil production by 12,000 barrels per day (bpd).

News to the Day and to the Hour Latest News of today The agreement with the Chinese energy is 105 million dollars and contemplates the deployment of six drills in the Amazon provinces of Orellana and Sucumbíos. Ecuador hired the Chinese energy company Sinopec to drill new wells in the Amazon, with a view to increasing by 12,000 barrels per day (bd) its beaten oil production, reported this Monday the state Petroecuador. The progressive closure o…

Ecuadorean state oil company Petroecuador announced that it will begin a new drilling campaign with the installation of six drills simultaneously in several areas of the Amazon of the country, with which it plans to increase oil production by approximately 12,000 barrels per day. The drilling will be carried out by the Chinese company Sinopec, with whom Petroecuador signed two contracts on April 30 for an amount of 105.55 million dollars, and wi…

Ecuador entrusts the drilling of new oil wells to Chinese Sinopec Admin FCE 06 May 2025 - 00:07 Ecuador announced on Monday that it is entrusting the Chinese oil company Sinopec with the drilling of new wells in Amazonia, which will allow it to increase by 12,000 barrels per day (bj) oil production is in trouble.Because of the gradual closure of wells and the lack of investment, oil production in Ecuador has increased over the last decade from 5…