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The Ecuador Lawsuit.

MercoPress – Repsol-YPF extracts almost 10% of Ecuador’s oil production

Date: Dec 7, 2011

Discussion of oil production in Ecuador today:

Repsol is the largest private oil company operating in Ecuador, a country where the total crude output amounts to roughly 500.000 bpd.

Besides Block 16, Repsol also is producing 4,000 bpd at the Tivacuno Block, in both cases under a service contract with state-owned oil company Petroecuador. Both of those Amazon areas are considered mature fields due to their age and because output is in decline as steadily increasing amounts of water – and lower quantities of oil – are extracted.

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