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December 3, 2021updated 27 Apr 2022 12:50pm

Apaika Nenke Heavy Oil Field, Ecuador

By Carmen

Apaika Nenke is a producing heavy oil field located onshore Ecuador and is operated by Petroamazonas EP. The field is located in block Block 31 (Apaika Nenke).

Field participation details

The field is owned by EP Petroecuador.


Production from Apaika Nenke

The Apaika Nenke heavy oil field recovered 43.36% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 16.73 thousand bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 30.56 Mmboe, comprised of 30.33 Mmbbl of crude oil & condensate and 1.41 bcf of natural gas reserves. Apaika Nenke heavy oil field reserves accounts 0.07% of total remaining reserves of producing heavy oil fields globally.


About Petroamazonas EP

Petroamazonas EP (Petroamazonas) is a state-owned oil and gas company which 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 mangement, 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, as well as natural gas in Ecuador. Petroamazonas is headquartered in Quito, Pichincha, Ecuador.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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