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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Drilling at Tambococha is expected for the last quarter

Posted On 06 Jul 2017

Ecuadornews:

 

 

The Government intends to start drilling works in the Tambococha field – part of the ITT Block 43 – during the fourth last of 2017. To this end, it will tender the necessary drills for the operation in the next few days. Private companies would be awarded in August.
That was one of the announcements made Tuesday by Minister of Hydrocarbons Carlos Perez, noting that the public company Petroamazonas “has to optimize its resources and the cost of production.”

 

 

 

Between 2012 and 2014 at the state oil company recorded the highest peaks in costs. Production ranged from $ 30.46 to $ 29.28 per barrel of oil. A price of $ 16.96 was reported in May 2017 with and a projection of $ 19.10 for the rest of the year.

The bidding is done through financing agreements with foreign companies, allowing a better management of Petroamazonas’ budget. The payment will be made with production sales of the ITT fields. “Not with oil,” the minister emphasized. (I)

 

Source: http://www.eltelegrafo.com.ec/noticias/economia/8/la-perforacion-en-tambococha-se-preve-para-el-cuarto-trimestre

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