“We have no choice but to be more efficient,” said Bermeo, who took office on 3 February in place of Lenin Pozo.
PetroAmazonas accounts for around 80pc of the former Opec country’s wellhead crude production, which fell to 514,000 b/d in January from 524,000 b/d in December, according to regulatory data.
Bermeo, who previously served as vice minister of hydrocarbons, says he is encouraged by the company’s performance under difficult fiscal and social conditions.
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