Ecuador’s state oil company says power outage affects hundreds of wells | Bot To News

QUITO, Dec 12 (Reuters) – Ecuador’s state oil company Petroecuador said on Monday that weather-related damage to a power line affected more than 700 wells in its most productive blocks in the country’s Amazon region, further affecting its output. of crude.

In a statement, Petroecuador did not estimate the impact of Sunday’s incident on its production levels, but said it was working to normalize production in the coming days after the resulting power outage affected 728 of its wells.

The power outage affected almost half of the wells the company operates across the country, according to the statement.

Ecuador’s energy and non-renewable natural resources regulator said in a separate report released Monday that Petroecuador’s daily crude production had dropped by around 56,000 barrels on Sunday. He added that production on Saturday, before the incident, had reached about 385,000 barrels per day (bpd).

Petroecuador said the wells affected by the power outage are spread across its most productive oil fields, including Sacha, Shushufindi, Auca, Indillana, Libertador, Palo Azul and Lago Agrio.

Last month, the company reported a similar power failure at its ITT block, where it pumps nearly 52,000 bpd. Roadblocks by protesters from indigenous communities have also reduced their oil production.

President Guillermo Lasso took office last year promising to increase crude production to 1 million bpd, but has since lowered the target to 600,000 bpd by the end of his term in 2025.

Reporting by Alexandra Valencia; Written by Sarah Morland; Edited by David Alire Garcia

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