Ecuador to begin oil field-power grid studies

Wednesday, January 3, 2018

Studies are due to begin in the near term in Ecuador for projects to connect oil producing areas with the national power grid.

The planned work is part of energy optimization agreements signed on Wednesday (in photo) between state power holding company Celec and state hydrocarbons E&P operator Petroamazonas.

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The studies cover oil locations Shushufindi-EPF-Tiputini, Shushufindi-Tarapoa-Cuyabeno and Oso-Loreto with the goal of starting the projects in 2020, Petroamazonas said in a statement.

The companies also inked a deal (in photo) to relocate thermo units to EPF and Shushufindi, and plan to sign additional agreements to relocate such units to Tiputini, Auca and Cuyabeno. This work is scheduled for the fourth quarter and 1Q19.

Petroamazonas said the initiatives will save US$456mn/y and substitute approximately 216mn gallons of diesel a year.