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Dow Jones – Ecuador Sees $1.5B To $2B Private Investments For Mature Oil Fields

Date: Jul 11, 2011

News about current operations at Ecuador’s state run oil company, Petroecuador:

Ecuador’s expects to secure between $1.5 billion and $2 billion in private investments over the next five years for four mature oil fields, state news Agency Andes reported Friday.

The four state-run Petroecuador oil fields–Shushufindi, Libertador, Auca, and Cuyabeno–produce about 140,000 barrels of oil a day, Andes said.

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