Petroamazonas Ecuador S.A., a unit of Ecuadoran state oil company Petroecuador, is engaged in the exploration and development of oil reserves. It is also involved in strategic activities to develop the hydrocarbon business. The company operates 20 blocks – 17 in Ecuador's Oriente basin and three onshore. It also has 83 production fields, concentrating its activities in the Amazon basin. Petroamazonas was incorporated in 2008 and is based in Quito, Ecuador.