Ecuador steps up pace of oil development activity

Journal Article · Mon Mar 23 00:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5640269

This paper reports that oil companies operating in Ecuador plan to quicken the pace of oil development this year. After delays in 1991, companies plan a series of projects to develop reserves discovered the past 3 years estimated at more than 600 million bbl. Oil and Gas Journal estimated Ecuador's proved crude reserves at 1.55 billion bbl as of Jan. 1, 1992. The development push is part of a larger effort needed to ensure Ecuador's status as an oil exporter into the next century. Ecuador is the smallest crude oil producer and exporter in the Organization of Petroleum Exporting Countries.

• OSTI ID: 5640269
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:12; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
ECUADOR
OIL FIELDS
RESOURCE DEVELOPMENT
PETROLEUM
EXPORTS
WELL DRILLING
PLANNING
VISCOSITY
DEVELOPING COUNTRIES
DRILLING
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
LATIN AMERICA
MINERAL RESOURCES
PETROLEUM DEPOSITS
RESOURCES
SOUTH AMERICA
TRADE
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
023000 - Petroleum- Properties & Composition