State-owned Petroecuador reached a new production peak last week of 404,290 b/d, or 413,241 boe/d when natural gas is included. The company ascribed the results to improvements in efficiency.
One of the factors supporting the increase is production from Sacha field, Block 60, in Orellana province, which reached 77,802 b/d. In 2024, Petroecuador plans to add three rigs to the two already operating at Sacha.
Sacha started operations in 2009, developed jointly by Petroecuador and Petroleos de Venezuela SA (OGJ Online, Nov. 5, 2009). It has produced 1.8 million bbl in 2023 (an average of 4,931.5 b/d) from 16 wells.
Petroecuador said that the additional revenues would “contribute to the implementation of works and projects that will improve the quality of life for communities surrounding [its] facilities, benefiting the country."