Hydrocarbons databank ready in 3 years

- Tuesday, March 22, 2011

Hydrocarbons databank ready in 3 years

Ecuador's government has allocated US$6mn to develop a hydrocarbons databank in three years, of which US$3mn will be spent this year to procure hardware, software and consultancy services.

The online system will house information currently handled manually in storerooms of the national hydrocarbons department, a government release quoted hydrocarbons secretary Ramiro Cazar as saying.

The news followed a seminar on oil data management that included participation of Petrad, a Norwegian government foundation that supports oil management, administration and technology transfers between managers and experts in governments and national oil companies.

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