Ecuador Re-launches Oil Company Audit Tender
Ecuador's mines and energy ministry has re-launched a tender to audit four oil companies after canceling the original process launched earlier this year.
Offers now are due by November 14, the ministry said in a statement. Offers had been due on September 29.
The contract winner will look at state oil company Petroecuador, auditing investment, operating income, non-operating income, costs and expenses of both the company and its subsidiaries in the second half of 2002 as well as for 2003, 2004 and 2005.
The other companies are Petrobras Energia Ecuador, local oil company Ecuador TLC and the EDC Ecuador subsidiary of US oil firm Noble Energy (NYSE: NBL).
The audits relate to 2005 investments, income, costs and expenses of Petrobras Energia Ecuador's block 31, EDC's block 3 and Ecuador TLC's block 18 and Palo Azul field.
The winner will have 90 days to conduct the audits.
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 13 Offshore Rigs
- Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects (Dec 14)
- Natural Gas In Petrobras Pipelines Up About 23% In 2017 (Dec 05)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)
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)