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