Hormiguero is a producing heavy oil field located onshore Ecuador and is operated by Consorcio Petrolero Bloque 17. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 17 (Hormiguero). Buy the profile here.
Field participation details
The field is owned by China National Petroleum, China Petrochemical and CPC.
Production from Hormiguero
The Hormiguero heavy oil field recovered 93.75% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 9.33 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 2033.
Remaining recoverable reserves
The field is expected to recover 2.50 Mmboe, comprised of 2.44 Mmbbl of crude oil & condensate and 0.32 bcf of natural gas reserves. Hormiguero heavy oil field reserves accounts 0.01% of total remaining reserves of producing heavy oil fields globally.
For more details on the Hormiguero Heavy 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.
