Country report
| |
48 Pages

Ecuador upstream summary


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 ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 773.48 KB 48 Pages, 22 Tables, 9 Figures
  • Country Overview XLS - 926.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Oriente basin
    • Stratigraphy
      • The Hollin formation
      • The Napo formation
      • The Tena formation
    • Petroleum system
      • Reservoir rocks
      • Source rocks
      • Seals
    • Coastal basins
    • Stratigraphy
  • Exploration
    • 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
  • Reserves and resources
    • Liquids
    • Sales gas
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Domestic pipelines
      • Sistema Oleoducto Transecuatoriano (SOTE)
      • Oleoducto de Crudos Pesados (OCP)
    • International pipelines
    • Oil refineries
      • Refineria del Pacifico
    • Gas infrastructure
      • LPG Pipeline
  • Policy and regulation
    • 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)
    • Domestic market obligation (DMO)
  • Fiscal terms
    • Overview
    • Upstream
    • Midstream
    • Current fiscal terms
    • 2010 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 (1999)
    • 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)

In this report there are 31 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
    • Net Acreage 2016
  • Geology
    • Oriente Basin Stratigraphic Column
  • Exploration
    • Exploration: Table 1
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration Drilling
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • Infrastructure: Table 3
    • Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • GEM models
    • Fiscal terms: Table 10
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.