Samedan unit to develop gas field off Ecuador

Energy Development Corp., a unit of Samedan Oil Co., has released details of its development plan for Amistad gas field in the Gulf of Guayaquil off Ecuador.EDC signed a 15-year production-sharing contract with state firm Petro- ecuador for development of the field, which has estimated gas in place of 345 bcf and recoverable reserves of 177 bcf. EDC holds 100% interest and is operator of Block 3, on which the field lies.Amistad production is expected to average 32.25 MMcfd during the 15-year period. The gas, which is 98.6% methane, will fire a 240-Mw thermoelectric power plant, to be built near Machala and integrated into Ecuador's national power grid.The Amistad development project wi...

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