Iro is a producing heavy oil field located onshore Ecuador and is operated by Repsol 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 16 (Iro). Buy the profile here.
Field participation details
The field is owned by China Petrochemical, CPC, New Stratus Energy and Sinochem Holdings.
Production from Iro
The Iro heavy oil field recovered 78.55% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 19.69 thousand bpd of crude oil and condensate and 2.00 Mmcfd of natural gas. 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.
Remaining recoverable reserves
The field is expected to recover 24.44 Mmboe, comprised of 23.63 Mmbbl of crude oil & condensate and 4.89 bcf of natural gas reserves. Iro heavy oil field reserves accounts 0.06% of total remaining reserves of producing heavy oil fields globally.
About Repsol Ecuador
Repsol YPF Ecuador, S.A. is engaged in the exploration and production of oil and gas.
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.
