Ministry: Blocks 20, 29 Ready for Petroecuador Analysis

Initial studies of blocks 20 and 29 in Ecuador's Amazon region are ready for state oil company Petroecuador to analyze in the lead-up to tender launches, the country's energy and mines ministry said in a statement.

Block 20 is on the western flank of the Napo-Galeras mountain chain and contains the Pungarayacu and Oglán fields, the statement said.

Reserves of heavy crude in the block are estimated at some 395MB, 315Mb from Pungarayacu.

Block 29 is primarily exploratory and is in Pastaza province to the west of blocks 7 and 21.

Both blocks produce 8-12 API grade crude.

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.


Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours