UB-15 Begins Output on its 1st Block 15 Well

UB-15, the temporary administration unit operating Ecuadorian state oil company Petroecuador's block 15, has begun production from the first well it drilled on the block, a UB-15 spokesperson told BNamericas in an email.

The Limoncocha 2A well on the field of the same name is producing at an average rate of 2,500b/d, the spokesperson said.

The drilling works, carried out with the Sinopec 128 rig, began in early March and were completed in April.

The well's production is of special significance given it is the first drilled by Petroecuador since the expropriation of block 15 from US oil company Occidental (NYSE: OXY) in May 2006.

Production was roughly 100,000b/d when Petroecuador took up the reins but has since fallen to the current average of 83,500b/d, the spokesperson said. Still, the company maintains its goal of reaching 100,000b/d production level by year-end.

UB-15 also has completed drilling two wells on the Eden Yuturi field. The J62 well was drilled with a CPEB rig and the F61 by the Sinopec 129 rig, the spokesperson said.

Both wells are in the completion phase and expected to begin production in mid-May.

UB-15 aims to reach output levels of 105,000b/d in 2008 and 110,000b/d in 2009.


UB-15 has secured certifications ISO 14001: 2004 for its environmental management system and OHSAS 18001: 1999 for its occupational health and safety management system, UB-15 said in a statement.

The certification was granted by the Mexican branch of Oslo-based firm Det Norske Veritas (DNV).

The certifications are valid for a period of three years and subject to annual audit.

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