Drill performance dropped from 30 to 8 operations in a year

Image: El Comercio

The activity of the Ecuadorian drills used in oil extraction dropped significantly since 2014, caused by the low cost of the crude.

Two data sources show a drop in performance in the first months of this year, in comparison to 2015. The petroleum engineer, Jorge Rosas, is elaborating since 1991, a monthly report about the drill operation and the services provided. The report is provided monthly to 300 executives from the local oil industry.

The data reveal that, in Ecuador, the best performance period was between April and June in 2013, when 43 drill spots were in operation. (I)

Original source in Spanish: http://www.elcomercio.com/actualidad/taladros-operacion-baja-petroleo-ecuador.html