Ecuador's daily oil production hits highest level since January

Ecuador's state oil company, Petroecuador, has reported its highest daily oil production since January 3, reaching 370,197 barrels. The company attributes this significant increase to the execution of various strategies designed to boost hydrocarbon extraction.

This production level surpasses the 366,064 barrels per day recorded at the end of May. Petroecuador's plan includes reactivating approximately 200 closed wells and converting another 35 into injection wells across its operated fields throughout the year.

Notable increases in production were observed in specific fields. The Drago field in the Sucumbíos province saw its output rise from 2,854 barrels per day to a peak of 5,954 barrels daily in the last quarter. In the Auca field, located in the Orellana province, production increased from 60,753 to 62,300 barrels per day between April 1 and June 8 of this year. Similarly, the Lobo field in Block 7, also in Orellana, experienced a rise in production from around 500 barrels per day to over 2,000 barrels per day.

Petroecuador also reported an increase in natural gas production from the Amistad field, Ecuador's largest offshore gas field in the Gulf of Guayaquil. Production there rose from 17 million to 28 million cubic feet per day, following a campaign to recondition wells.

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executed various strategies to increase hydrocarbon extraction