Alice Oeste is a producing conventional oil field located onshore Ecuador and is operated by Andes Petroleum Ecuador. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 62 (Tarapoa). Buy the profile here.
Field participation details
The field is owned by China National Petroleum and China Petrochemical.
Production from Alice Oeste
The Alice Oeste conventional oil field recovered 73.26% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 3.66 thousand bpd of crude oil and condensate and 1.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046.
Remaining recoverable reserves
The field is expected to recover 2.06 Mmboe, comprised of 1.99 Mmbbl of crude oil & condensate and 0.40 bcf of natural gas reserves.
About Andes Petroleum Ecuador
Andes Petroleum Ecuador Ltd (Andes Petroleum), a subsidiary of China National Petroleum Corp, is a producer of petroleum products. The company offers services such as regions and blocks, drilling, exploration, gas and pressure management, and work over production operations. Its ongoing projects include drilling of horizontal wells, dual completions, water control using relative permeability modifiers, and water re-injection for reservoir pressure maintenance, and down hole water separation, among others. Andes Petroleum also operating on advanced technological projects to optimize oil production. The company operates in the Tarapoa Block and the Lago Agrio Storage and Transfer Station in the province of Sucumbios. It also holds interest in Blocks 14 and 17 in the province of Orellana and Pastaza. Andes Petroleum is headquartered in Quito, Ecuador.
For more details on the Alice Oeste 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.
