Palo Azul is a producing conventional oil field located onshore Ecuador and is operated by Petroamazonas EP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 18 (Palo Azul). Buy the profile here.
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Field participation details
The field is owned by EP Petroecuador.
Production from Palo Azul
The Palo Azul conventional oil field recovered 94.97% of its total recoverable reserves, with peak production in 2006. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.
About Petroamazonas EP
Petroamazonas EP (Petroamazonas) is a oil and gas company that provides exploration and production of hydrocarbons and related substances. The company operates upstream oil and gas operations which include assets management, planning and management control, financial management, maintenance, information technology, operations and drilling, among others. It also provides programs and services such as data management, plans and manuals, safety health, software and environment, community relations, and drilling services. Petroamazonas explores and produces light, medium, heavy and extra-heavy crude oil. Petroamazonas is headquartered in Quito, Pichincha, Ecuador.
For more details on the Palo Azul Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
