Italian company discovers oil well in Ecuador

The Italian oil company ENI announced on September 18 the discovery of a major oil field in Oglan, Ecuador. From which they expect to produce up to 300 million barrels. The well, located 260 kilometers from Quito, could produce up to 2,000 barrels a day, according to estimates by the Italian oil company.

ENI reported that the well has been drilled to a depth of about 2000 meters and a crude column of 72 meters has been discovered, and that during a limited test, it has produced 1100 barrels of oil per day.

The discovery of Oglan, adds Eni, is the result of the exploration campaign the Italian oil company is making to promote the area as part of the new service signed with the Government of Ecuador in 2010.