Iro is a producing heavy oil field located onshore Ecuador and is operated by EP Petroecuador. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 16 (Iro). Buy the profile here.
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Field participation details
The field is owned by EP Petroecuador.
Production from Iro
The Iro heavy oil field recovered 78.55% of its total recoverable reserves, with peak production in 2007. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 1% of the country’s daily output.
About EP Petroecuador
EP Petroecuador (Petroecuador) is a state-owned integrated oil and gas company. The company transports, stores, processes and markets oil and petroleum products in the domestic and international markets. The company also provide Fuel Price and Consultation of Electronics Invoices services. It operates three refineries, namely, Esmeraldas refinery, Libertad refinery and Shushufindi refinery, in the Amazon and Coastal regions to produce fuels for supply across the country. Petroecuador operates both crude oil and petroleum products. The company also operates storage terminals in the country. It also manages and operates gas stations. Petroecuador is headquartered in Quito, Pichincha, Ecuador.
For more details on the Iro 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.
