RIO DE JANEIRO, BRAZIL – Ecuadorian state-owned oil company Petroecuador has launched a tender to reopen 100 abandoned oil wells and extract associated gas from fields in the Amazon, the company said Friday.
The reopening of these 100 wells will allow Ecuador to increase its oil production by 15,000 barrels a day in about eight months, Petroecuador’s CEO Italo Cedeño said in a speech to the Society of Petroleum Engineers (SPE).
These hundreds or so wells, which are likely to be allocated in groups of 25, have a plant and environmental licenses because they belong to fields that are. . .