Petroecuador to Analyze Offshore Blocks

Ecuador's state oil company Petroecuador will analyze technical and environmental information about offshore blocks in the lead-up to a bidding process it aims to launch, the presidential website reported.

The blocks are 4, 5, 39 and 40, and are in the Guayaquil gulf next to the Peninsula de Santa Elena Amistad basins, the report said.

Petroecuador estimates natural gas reserves exist that could be used for power generation, the report said.

Blocks 4 and 5 together cover 500,000ha; block 39 spans 385,000ha, of which roughly 250,000ha are in water depths of 10-200m; and block 40 takes up 400,000ha in areas that border with Peru's international limits.

Additional information such as a possible tender launch date was not available from Petroecuador when contacted by BNamericas.

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