Two New Uncitral Arbitrations Against Ecuador For Oil Concessions
Date: Sep 10, 2021
The consortiums Kamana Sevices SA (composed of the French Schlumberger and the Argentine Tecpetrol) and Servicios Petroleros Igapó SA (of the American Halliburton) have filed arbitrations UNCITRAL against the public hydrocarbon company of Ecuador EP Petroecuador before the Permanent Court of Arbitration (CPA).
Both consortia: Kamana and Igapó obtained the concession of service contracts for several oil fields in 2016, EP Petroecuador (at that time Petroamazonas EP) would maintain the operation of the assets. Kamana secured concessions for Eden Yuturi and Pañacocha; and Igapó for Lago Agrio, Palo Azul, Pucuna and Víctor Hugo Ruales.
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