Ecuador Launches Tender for Audit of Four Oil Companies
Ecuador's mines and energy ministry has launched tenders for the audits of state oil company Petroecuador and three other companies, a ministry source told BNamericas, confirming local news reports.
The other companies are the Ecuadorian subsidiary of Argentine holding company Petrobras Energia, local Petrobras Energia-owned oil company Ecuador TLC and the EDC Ecuador subsidiary of US oil firm Noble Energy (NYSE: NBL), the source said.
Bidding rules will be available for purchase through September 15. Interested companies can submit offers September 18-29. The ministry will open bids September 29. Winners have 90 days to conduct the audits.
The audits relate to 2005 investments, income, costs and expenses of Petrobras Energía Ecuador's block 31, EDC's block 3 and Ecuador TLC's block 18 and Palo Azul field.
The audit of Petroecuador relates to investments, operating income, non-operating income, costs and expenses of both the company and its subsidiaries in the second half of 2002 as well as 2003, 2004 and 2005.
Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
- Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
- Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role (Sep 29)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
Company: Petroecuador more info
- Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan (Oct 06)
- Kemp: Oil Price War Inflicts Collateral Damage in Latin America (Feb 09)
- Ecuador's Petroamazonas Seeks Partners to Boost Oil Output (Sep 26)
Company: Noble Energy more info
- Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels (Sep 22)
- Leviathan Partners in Talks to Pipe Gas to Egypt Via Jordan (Aug 10)
- Deal Of The Month: Noble Energy Marches Out of Marcellus in Full $1.9B Exit (May 31)