Country Report

Ecuador upstream summary

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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 contains

  • Document

    Country Overview

    PDF 693.45 KB

  • Document

    Country Overview

    XLS 927.50 KB

  • Document

    Country Overview

    ZIP 1.47 MB

  • Document

    Executive summary

    PDF 86.37 KB

  • Document

    Key facts

    PDF 67.09 KB

  • Document

    Location maps

    PDF 203.39 KB

  • Document

    Key companies

    PDF 109.88 KB

  • Document

    Geology

    PDF 120.78 KB

  • Document

    Exploration

    PDF 130.66 KB

  • Document

    Reserves and resources

    PDF 101.27 KB

  • Document

    Production

    PDF 126.93 KB

  • Document

    Infrastructure

    PDF 279.88 KB

  • Document

    Policy and regulation

    PDF 115.36 KB

  • Document

    Fiscal terms

    PDF 205.85 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Oriente basin
      • The Hollin formation
      • The Napo formation
      • The Tena formation
      • Reservoir rocks
      • Source rocks
      • Seals
    • Coastal basins
    • Stratigraphy
    • Licensing
    • Standard licensing
    • Suroriente Round
    • Marginal fields licensing
      • Incremental production projects
      • Central fields round
      • Strategic operating alliances
      • Petroamazonas mature fields integrated service contracts
      • Drilling activity
    • Exploration in coastal areas
    • Exploration in the Oriente basin
    • Liquids
    • Sales gas
    • Liquids
    • Gas
    • Key legislation
    • Regulatory body
    • State oil company
    • History
    • State participation
      • Service contract (2011)
      • The contract migration process
      • Participation contract (1993)
      • Marginal field contract (1993)
      • Service contract (1982)
      • Association contract (1971)
      • Concession contract (1937)
    • Overview
    • Upstream
    • Midstream
    • Current fiscal terms
      • Contractor's tariff
      • Available income
      • Other taxes
      • Corporate income tax (CIT)
      • Taxable income
      • Bonuses, rentals and fees
      • Methodology
      • Payment to contractor
      • Available income
      • Inflation
    • Historical background
    • Association contract (2004)
    • Marginal field 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
      • 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:

Tables

  • Key facts: Table 1
  • Exploration: Table 1
  • Exploration: Table 2
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Infrastructure: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • GEM models
  • Fiscal terms: Table 10
  • Exploration: Table 3
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Fiscal terms: Table 1
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8

Images

  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2016
  • Net Acreage 2018
  • Exploration Drilling
  • Liquids Production
  • Gas Production
  • Oriente Basin Stratigraphic Column
  • Infrastructure Map

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