Oil fields will operate with renewable energy

Ecuadornews:

Two cooperation agreements to supply renewable energy to the operation of oil fields were signed yesterday by Petroamazonas and the Electricity Corporation of Ecuador (Celec). 

The first phase will focus on carrying out the studies and designs of three interconnection projects, which will be executed during 2018 with a budget of $ 11.7 million, said Fernando Vergara, manager of Celec. The official said that in this same year the process of acquiring land for the substations that are required will begin.

The analysis will include the oil locations Shushufindi-EPF-Tiputini; Shushufindi-Tarapoa-Cuyabeno; and Oso-Loreto, which will be supplied with power through the interconnected national system. As planned, the transmission lines and related works will be ready for use in 2020. In November of this year it is expected to provide hydraulic power to part of the Ishpingo, Tambococha and Tiputini (ITT) fields. For this, 12 units of 18 megawatts (MW) will be transferred.

In March 2019, another 28 groups of 42 megawatts will be mobilized. The implementation of the projects will mean savings of more than $ 456 million per year and the replacement of 216 million gallons of diesel. The oil fields will be supplied with 200 MW. For his part, Álex Galárraga, manager of Petroamazonas, recalled that in September of last year the macro agreement was signed and in just three months it was possible to specify the corresponding technical specifications for the development of the projects.

Last year Petroamazonas had a budget execution of $ 2,800 million, with a cost of production of $ 18 per barrel of crude oil. The production reached 425,000 barrels. By 2018, it is estimated that it will be increased to 450,000 barrels, of which 440,000 will be required by the fiscal fund. The approved budget is $ 2,879 million with a production cost of $ 17.50. (I)

Source: http://www.eltelegrafo.com.ec/noticias/economia/1/campos-petroleros-operaran-con-energia-renovable