Ecuador Eyes $42B In Oil Sector Investments Through 2029
January 26th, 2025

Via Reuters, a report on Ecuador’s planned oil investments through 2029:

Ecuador expects foreign oil companies to invest around $42 billion in the sector over the next five years, acting Energy Minister Ines Manzano said on Wednesday, as part of President Daniel Noboa’s plan to boost production.
The country’s oil production has gradually fallen in recent years burdened by the lack of investment, a natural decline of its oilfields and operational issues.
Over the next several years, crude output should come up from the 475,272 barrels per day (bpd) logged in 2024 by state-owned Petroecuador and private companies, hitting a peak in 2026 at more than 600,000 bpd, a government presentation showed.
However, by 2028 that will fall to around 395,644 bpd, according to the presentation.

This entry was posted on Sunday, January 26th, 2025 at 4:00 am and is filed under Ecuador.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

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