Chanangue is a conventional oil development located onshore Ecuador and is operated by Gran Tierra Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Chanangue was discovered in 1990, lies in block Block 51 (Chanangue). Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Gran Tierra Energy.
Production from Chanangue
Production from the Chanangue conventional oil development project is expected to begin in 2023 and is forecast to peak in 2027, to approximately 2,845 bpd of crude oil and condensate and 1 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2089.
Remaining recoverable reserves
The field is expected to recover 18.72 Mmboe, comprised of 17.82 Mmbbl of crude oil & condensate and 5.38 bcf of natural gas reserves.
About Gran Tierra Energy
Gran Tierra Energy Inc (Gran Tierra) is an international exploration and production company. It acquires, explores, and develops oil and gas fields. The company produces crude oil, natural gas and oil equivalent resources from its fields. Gran Tierra has onshore oil and gas properties in Colombia. The Company is focused on its existing portfolio of assets in Colombia, and will pursue new growth opportunities, leveraging the Company’s financial strength. It sells oil to Ecopetrol S.A., Petroleo Brasileiro S.A, and other parties. It also entered into Ecuador through contracts for three blocks. Gran Tierra is headquartered in Calgary, Canada.
For more details on the Chanangue 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.
