Tambococha is a producing heavy oil field located onshore Ecuador and is operated by Petroamazonas EP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 43 (Itt). Buy the profile here.
An expansion project is associated with the Tambococha, namely the Tambococha Development. This project is currently in the feasibility stage.
Field participation details
The field is owned by EP Petroecuador.
Production from Tambococha
The Tambococha heavy oil field recovered 22.58% of its total recoverable reserves, with peak production expected in 2023. The peak production was approximately 48.48 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 2081. The field currently accounts for approximately 7% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 206.82 Mmboe, comprised of 206.04 Mmbbl of crude oil & condensate and 4.65 bcf of natural gas reserves. Tambococha heavy oil field reserves accounts 0.48% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the Tambococha heavy oil field
The key contractors involved in the Tambococha project as follows.
Other Contractors: CNPC Chuanqing Drilling Engineering
About Petroamazonas EP
Petroamazonas EP (Petroamazonas) is a state-owned oil and gas company which provides exploration and production of hydrocarbons and related substances. The company operates upstream oil and gas operations which include assets management, planning and management control, financial management, maintenance, information technology, operations and drilling, among others. It also provides programs and services such as data mangement, plans and manuals, safety health, software and environment, community relations, and drilling services. Petroamazonas explores and produces light, medium, heavy and extra heavy crude oil, as well as natural gas in Ecuador. Petroamazonas is headquartered in Quito, Pichincha, Ecuador.
For more details on the Tambococha 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.
