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OIL: Ecuador Faces Crude Output Decline: Platts

OIL

Setbacks from attacks and corrosion at oilfields in Ecuador’s eastern Amazon jungle are curbing crude output, Petroecuador said in a statement Sep. 2, cited by Platts.

  • Armed assailants force workers to shut down the power supply to the Oso-Yuralpa fields at the Coco Payamino concession in the Oriente Basin, Petroecuador said.
  • The shutdown has reduced production by 1,080 b/d and repairs could take up to 30 days. The armed forced will increase the security at the installations.
  • Meanwhile, corrosion of power lines at the Auca concession has cut production by a further 6,633 b/d, with repairs to be complete by Sep. 5.
  • Petroecuador was producing 467,907 b/d of crude oil as of Sep. 2, according to the ministry. Petroecuador represents around 80% of Ecuador’s output.
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