View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
December 6, 2021updated 27 Apr 2022 12:23pm

Shushufindi-Aguarico Conventional Oil Field, Ecuador

By Carmen

Shushufindi-Aguarico is a producing conventional oil field located onshore Ecuador and is operated by Petroamazonas EP . The field is located in block Block 57 (Shushufindi Libertador).

Field participation details

The field is owned by EP Petroecuador.


Production from Shushufindi-Aguarico

The Shushufindi-Aguarico conventional oil field recovered 64.92% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 81.78 thousand bpd of crude oil and condensate and 27 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2050. The field currently accounts for approximately 10% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 257.62 Mmboe, comprised of 250.29 Mmbbl of crude oil & condensate and 43.99 bcf of natural gas reserves. Shushufindi-Aguarico conventional oil field reserves accounts 0.06% of total remaining reserves of producing conventional oil fields globally.


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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology