Campo Sacha Would Receive $4,855 Million in Investment to Raise Its Production to 150,000 Barrels per Day
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President Daniel Noboa clarified that the contract to be signed with a company in the United Arab Emirates will be for the provision of services, for 15 years.
Ecuador will sign with an Arab Emirates company a service contract for the 60 Sacha oil block, located in the Amazon province of Orellana.
The Sacha field currently produces 73,027 barrels per day, 20.75% of Petroecuador’s crude oil. The new agreement aims to raise its production to 150,000 barrels per day by an investment of USD 4,855 million.
Quito, 6 Nov (Prensa Latina) Ecuador's president, Daniel Noboa, today defended the terms of the planned contract with the United Arab Emirates for the management of the Sacha oil field, the country's largest production, against questions about the agreement. The post Noboa defends new agreement for Ecuador's largest oil field first appeared on Noticias Prensa Latina.
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