By an OGJ Online Correspondent
QUITO, Mar. 7�Petroecuador, Ecuador's state oil company, plans to reactivate 90 shut-in oil wells by forming operating agreements with investors in the private sector.
The Organization of Petroleum Exporting Countries� news agency said the Ecuadorian government wanted to reestablish production from the wells, which have been closed for some years. Reactivation was expected to boost Ecuador's production by 20,000 b/d.
The wells were closed for numerous reasons, including marginal production, excessive water in the structures, unseated gaskets, burned pumps, loss of production capacity, and high investment costs.
Scheduled for reactivation are 20 wells in Auca field, 18 in Lago Agrio field, 22 in Libertador field; 22 in Sacha field, and 8 in Shushufindi field.