Country Report

Ecuador upstream summary

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22 June 2017

Ecuador upstream summary

Report summary

Ecuador has been an oil producer since 1917. Gas production has historically been minimal. The heart of the country's oil industry is the Oriente basin, east of the Andes Mountains. Very minor quantities of oil are produced in the coastal areas, and the only sales gas is produced offshore of the southwest coast of the country.Ecuador has been a tough environment for investors over the years. At times the country has been relatively open to private investment, while at others it has been ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Oriente basin
    • Stratigraphy
      • The Hollin formation
      • The Napo formation
      • The Tena formation
    • Petroleum system
      • Reservoir rocks
      • Source rocks
      • Seals
    • Coastal basins
    • Stratigraphy
    • Licensing
    • Standard licensing
    • Suroriente Round
    • Marginal fields licensing
    • Mature fields licensing
      • Incremental production projects
      • Central fields round
      • Strategic operating alliances
      • Petroamazonas mature fields integrated service contracts
    • Drilling
      • Drilling activity
    • Exploration in coastal areas
    • Exploration in the Oriente basin
    • Liquids
    • Sales gas
    • Liquids
    • Gas
    • Oil infrastructure
    • Domestic pipelines
      • Sistema Oleoducto Transecuatoriano (SOTE)
      • Oleoducto de Crudos Pesados (OCP)
    • International pipelines
    • Oil refineries
      • Refineria del Pacifico
    • Gas infrastructure
      • LPG Pipeline
    • Key legislation
    • Regulatory body
    • State oil company
    • History
    • State participation
    • Licensing
      • Service contract (2011)
      • The contract migration process
    • History
      • Participation contract (1993)
      • Marginal field contract (1993)
      • Service contract (1982)
      • Association contract (1971)
      • Concession contract (1937)
    • Overview
    • Upstream
    • Midstream
    • Current fiscal terms
    • 2011 Service contract
      • Contractor's tariff
      • Available income
      • Other taxes
      • Corporate income tax (CIT)
      • Taxable income
      • Bonuses, rentals and fees
    • Sample cash flow
      • Methodology
    • 2013 Suroriente licensing round
      • Payment to contractor
      • Available income
      • Inflation
    • Historical background
    • Association contract (2004)
    • Marginal field contract (1993)
    • Participation contract (1993)
      • Bonuses, rentals and fees
      • Production taxes
      • Cost recovery
      • Profit oil
      • Additional profits taxes
      • Corporate income tax
      • Indirect taxes
      • Fiscal or Contractual ring-fences
      • Dividend withholding tax
      • Other taxes
      • Product pricing
    • Service contract (1982)
      • Bonuses, rentals and fees
      • Production taxes
      • Indirect taxes
      • Service fee
      • Corporate income tax
    • Association contract (1971)
    • Concession contract (1937)

Tables and charts

This report includes 31 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2016
  • Net Acreage 2018
  • Exploration: Table 1
  • Exploration: Table 2
  • Exploration Drilling
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Liquids Production
  • Production: Table 3
  • Production: Table 4
  • Gas Production
  • Infrastructure: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • GEM models
  • Fiscal terms: Table 10
  • Oriente Basin Stratigraphic Column
  • Exploration: Table 3
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Infrastructure Map
  • Fiscal terms: Table 1
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8

What's included

This report contains:

  • Document

    Country Overview

    PDF 11.37 MB

  • Document

    Country Overview

    XLS 569.00 KB

  • Document

    Country Overview

    ZIP 11.31 MB

  • Document

    Executive summary

    PDF 679.86 KB

  • Document

    Key facts

    PDF 684.94 KB

  • Document

    Location maps

    PDF 5.29 MB

  • Document

    Key companies

    PDF 716.31 KB

  • Document

    Geology

    PDF 728.94 KB

  • Document

    Exploration

    PDF 739.18 KB

  • Document

    Reserves and resources

    PDF 708.22 KB

  • Document

    Production

    PDF 733.82 KB

  • Document

    Infrastructure

    PDF 6.53 MB

  • Document

    Policy and regulation

    PDF 723.20 KB

  • Document

    Fiscal terms

    PDF 807.94 KB

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