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1990s bright for post-OPEC Ecuador

The Oil & gas journal, 1993-03, Vol.91 (9), p.56-61

Tulsa, OK: Pennwell

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1990s bright for post-OPEC Ecuador
Assuntos: 02 PETROLEUM ; 020700 - Petroleum- Economics, Industrial, & Business Aspects ; Applied sciences ; Associations ; Cash flow ; Compensation ; Crude oil prices ; Crude oil, natural gas and petroleum products ; DEVELOPING COUNTRIES ; ECONOMICS ; ECUADOR ; Energy ; ENERGY SOURCES ; ENVIRONMENTAL IMPACTS ; Exact sciences and technology ; EXPLORATION ; Exports ; Federal government ; FINANCIAL INCENTIVES ; Foreign investment ; FOSSIL FUELS ; FUELS ; GEOLOGIC DEPOSITS ; GEOLOGY ; Government revenue ; INDUSTRY ; INTERNATIONAL ORGANIZATIONS ; INVESTMENT ; LATIN AMERICA ; MEETINGS ; MINERAL RESOURCES ; OIL-EXPORTING COUNTRIES ; OPEC ; PETROLEUM ; PETROLEUM DEPOSITS ; PETROLEUM INDUSTRY ; Petroleum production ; PRODUCTION ; REGULATIONS ; RESOURCE DEVELOPMENT ; RESOURCE POTENTIAL ; RESOURCES ; Seminars ; SOUTH AMERICA ; Strategic planning ; STRATIGRAPHY
É parte de: The Oil & gas journal, 1993-03, Vol.91 (9), p.56-61
Notas: content type line 24
ObjectType-Article-1
SourceType-Magazines-1
Descrição: While preparing for Ecuador's eventual withdrawal from the Organization of Petroleum Exporting Countries (OPEC) in the fall of 1992, the government has moved quickly to approve a number of key development projects. It was, perhaps, no coincidence that the most important conference on Ecuadorian petroleum prospects in recent years was timed to coincide with the government's public confirmation of the pullout. All foreign companies operating in Ecuador attended, with details disclosed of projects planned or under way. With one exception, all key development projects still pending in summer 1992 have been approved. Two projects among those approved are producing oil - Oryx Energy Co. and Ecuador's Tripetrol SA. Additional new production is expected after May 1993 by Occidental Petroleum Corp., Ste. Nationale Elf Aquitaine, and Maxus Energy Co. After years of doldrums and indecision, Ecuador's petroleum sector suddenly seems headed for an upturn in the 1990s. That will be the case until after 2000, when crude exports will drop because of rising domestic consumption.
Editor: Tulsa, OK: Pennwell
Idioma: Inglês

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1990s bright for post-OPEC Ecuador

Tulsa, OK: Pennwell

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