Press

Ministry of Energy and Non-renewable Resources in Ecuador Announce Intracampos Licensing Round

Posted by OilVoice Press - OilVoice

12-Sep-2018


Mr. Carlos Pérez Garcia, Minister of Energy and Non-renewable Resources in Ecuador has today announced an open licensing round for eight (8) blocks onshore Ecuador in Sucumbíos Province. These comprise: Araza Este, Changue, Iguana, Perico, Espejo, Pañayacu Norte, Charapa and Sahino.  The blocks offered are all onshore, conventional opportunities, most with prospective sandstone reservoirs (one with a carbonate reservoir). All are low risk exploratory blocks and are located close to established fields.

Ecuador is an under-explored country with high oil potential.  Existing infrastructure and well-developed oil services industry presents an attractive opportunity to take hydrocarbons to market.  The Ministry is offering a Participation Contract, that is equitable and competitive and allows companies to share production and book reserves.

The Intracampos round is an exciting new opportunity to increase investment in the country, as Ecuador offers opportunities for short medium and long-term investment, with future rounds planned.

The licensing round will be launched in Quito at the JW Marriott to invited parties only, on Tuesday 11th September, and the latest date for submission of proposals will be January 2019. 

Presentations and data rooms will also take place in Houston on 25-27th September at the St Regis Hotel, Houston.

Data available for viewing includes 3D and 2D seismic, correlation wells (LAS, ASCII or Images) and production data from analog fields.

On the morning 25th September there will be an opportunity to hear presentations on the exploration opportunities, the contractual and fiscal terms, and the legal framework for upstream petroleum activities in Ecuador.  Private data or meeting rooms will be available for two further days, with slots available to book.

Please contact intracamposecuador@woodmac.com for more information, to book attendance at the presentation opportunities or to arrange for a 1-2-1 meeting or private viewing of the data in Houston.

EnergyMinistry of EnergyEcuadroLicensing RoundonshoreSucumbios Province

More items from oilvoice


Seasonality in Brazilian Petroleum Liquids Production is Driven by Biofuels

Source: U.S. Energy Information Administration, International Energy Statistics , and Short-Term Energy Outlook Brazil's ethanol output is seasonal and typically peaks during the fourth quarter (October–December) of each year. The peak coincides with the harvest of sugarcane, the primar ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > EIAEnergy Information Administration EIABrazil +4

Africa Energy - Market Announcement

VANCOUVER, Sept. 21, 2018 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company") acknowledges the stock trading halt in Pancontinental Oil and Gas NL (ASX: PCL) ("PCL") today pending an announcement regarding the Cormorant-1 well offshore the R ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Africa EnergyASXAfrica +2

NPD: Delineation of the Hanz Field and Dry Wildcat Well in the North Sea - 25/10-16 S, A and C and 25/10-16 B

Aker BP ASA, operator of production licence 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the Hanz field, as well as wildcat well 25/10-16 B drilled in production licence 915 just southeast of the Hanz field. The wells were drilled about 14 kilometres north of the Iv ...

OilVoice Press - OilVoice


Posted 2 days agoPress > NPDNorwegian Petroleum DirectorateNorway +7

Tower Resources: South Africa Update – Farm-out Process

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...

OilVoice Press - OilVoice


Posted 2 days agoPress > Tower ResourcesSouth AfricaOffshore +5

South Africa Update – Farm-out Process

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...

OilVoice Press - OilVoice


Posted 2 days agoPress
All posts from oilvoice