Ecuador Calls for Bids on Petroecuador Services Contracts

Ecuador's energy and mines ministry has called on the 18 pre-qualified companies to bid for services contracts on four oil and gas fields operated by state oil firm Petroecuador in the country's Amazon area, Petroecuador said in a statement Friday.

The invitation to bid was published January 21. Bidding rules will be available from January 24, while offers will be received March 25 and opened that same day. Production in the Shushufindi, Lago Agrio, Culebra-Yulebra and Auca fields currently operated by Petroecuador has declined in recent years due to lack of investment and the government wants to attract foreign capital to boost production.

The contracts will be to carry out and interpret 2D and 3D seismic studies, perform mathematical simulations, certify reserves, drill wells, recondition existing wells and generate electricity, among other activities. Investments are estimated at US$397mn and the idea is to increase production by 23,885 barrels a day (b/d) to 103,474b/d, the statement said.

The pre-qualified companies are: Brazil's Petrobras, Chile's Sipetrol, Ecuador's Tecpecuador, Argentina's CGC, Europe's Teikoku Oil, China's Chanquing Petroleum, Tecpetrol-Tecpecuador consortium, China's Sinopec Internacional, Ecuador's Dygoil, Ecuador's Schlumberger Surenco, Urazul, Colombia's SPLA consortium, Sweden's Skanska, Colombia's Hocol, Nuevo Cerro Dragón-Ecuapet consortium, Amazonic Sustainable, Cayman Internacional of the US and Ecuador's Pluspetrol.

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