Ecuador's Petroamazonas, a unit of state oil company Petroecuador, is engaged in the exploration and development of oil reserves. The company operates blocks 7, 15, 18 and 21, and is developing block 31. The company also investigating new prospects in the Jatunpamba, Balzayacu and Ochenta Sur structures of block 18, and that remaining production reserves from the blocks is roughly 311Mb. Petroamazonas was incorporated in 2008 and is based in Quito, Ecuador.
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