Ivanhoe and Ecuador ends oil contract

Ivanhoe and Ecuador had terminated a contract for that the Canadian oil company operating in the Amazon, said on Wednesday the Ministry of Non-Renewable Natural Resources, after the Canadian desist from exploitation in August because crude was heavier than expected. Ivanhoe and...

Ivanhoe will no longer operate in Amazon´s block

Ivanhoe, a Canadian company, said that it refrained from exploiting an oil block in the Ecuadorian Amazon. This was adjudicated in 2009, with reserves estimated at 4,500 million barrels. The company, despite having invested $ 74 million non-refundable, abandoned the project when...

Petroamazonas terminates oil contract with Ivanhoe

The contract of Specific Services of the Canadian oil company Ivanhoe for exploration and exploitation of Pungarayacu field will be terminated in Ecuador after more than five years of work in block 20. The announcement was made by Petroamazonas Manager, Oswaldo Madrid, in an...