Ecuador
Press Release

Contractual processes of EP Petroecuador advance for the increase in oil production and elimination of flaring in the Amazon region

Bnamericas Published: Friday, November 18, 2022
Contractual processes of EP Petroecuador advance for the increase in oil production and elimination of flaring in the Amazon region

This Petroecuador release was published using machine translation.

Today the opening of envelope number two, corresponding to the economic offers, of the companies interested in the process of Hiring Specific Integrated Services with Financing from the Contractor for the Reactivation of Closed Wells and Capture and/or Industrialization of Associated Gas of the fields of EP Petroecuador, in the Amazon region.

This pre-contractual process has the objective of increasing daily oil production, through the reactivation of closed wells due to different circumstances , incorporating wells that generate value for the state company, the elimination of burners , by capturing the associated gas and using it for generation. electricity, or its processing with the installation of equipment and new technologies that reduce pollution to the environment.

Following the current regulatory steps, the Evaluation Commission will analyze the offers to continue with the bidding. The first envelope, referring to technical solvency and financial capacity of the interested companies, was opened on September 16, also publicly, in line with the transparency of the oil company.

EP Petroecuador will sign with the companies that are awarded a Specific Integrated Services contract with Financing , for the development of the different activities, with which the economic investment will be in charge of the contractor, without altering the ownership of the operation, which remains in the hands of the Ecuadorian state.

The opening was broadcast live via Facebook Live.

EP Petroecuador advances in the commitment to increase oil production for the benefit of the country, complying with current legislation and regulations with transparency.

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