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April 28, 2022

Ishpingo Heavy Oil Field, Ecuador

By Carmen

Ishpingo is a heavy oil development located onshore Ecuador and is operated by Petroamazonas EP. Ishpingo lies in block Block 43 (Itt).

The project is currently in commissioning stage and is expected to start commercial production in 2022.

Field participation details

The field is owned by EP Petroecuador.


Production from Ishpingo

Production from the Ishpingo heavy oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 43,765 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2083.


Remaining recoverable reserves

The field is expected to recover 333.72 Mmboe, comprised of 333.72 Mmbbl of crude oil & condensate.


Contractors involved in the Ishpingo heavy oil field

The key contractors involved in the Ishpingo project as follows.

Other Contractors: China National Petroleum

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.

Related Companies

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