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Ecuador Oil Production Targets 480kbd - Up Narrowly

OIL

Ecuador’s government expects crude output to hit 480,000 bpd in the coming months, up narrowly from current levels of about 470,000 bpd.

  • President Guillermo Lasso had promised to double Ecuador’s oil output during his term but has fallen well short of achieving that target.
  • “(Crude) production will remain around 480,000 bpd,” Santos said in an interview, adding output is tricky due to the longevity of the Ecuador’s oil fields. “These are fields that have already been in production for 50 years.”

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