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November 22, 2021

Limoncocha Heavy Oil Field, Ecuador

By Carmen

Limoncocha is a producing heavy oil field located onshore Ecuador and is operated by Petroamazonas EP. The field is located in block Block 15 (Indillana).

Field participation details

The field is owned by EP Petroecuador.


Production from Limoncocha

The Limoncocha heavy oil field recovered 70.80% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 13.07 thousand bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 25.27 Mmboe, comprised of 24.35 Mmbbl of crude oil & condensate and 5.48 bcf of natural gas reserves. Limoncocha heavy oil field reserves accounts 0.06% 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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