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Ecuador Overview

Ecuador

in figures

Oil Reserves8.3 billion barrels

Gas Reserves11 bcm

Ecuador: Aligned to International Objectives

Canada’s Gran Tierra enters Azerbaijan with SOCAR E&P deal
NEWS
Azerbaijan - February 20, 2026

Canada's Gran Tierra Energy has entered Azerbaijan with a SOCAR E&P deal.

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GeoPark acquires Frontera’s Colombian assets in $600-million move
NEWS
Colombia - January 30, 2026

GeoPark has inked a $600-million deal to acquire Frontera Energy’s Colombian upstream portfolio.

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Interview
Colombia - May 02, 2025

Oscar Fernández, president of Confipetrol, talks to The Energy Year about the company’s market position in Colombia and the…

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Interview
Colombia - February 04, 2025

Alvaro Rodriguez Ferrero of Ventura Group talks about how the Group’s core business has evolved.

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Gran Tierra’s exploration strategy TEY_post_Diego PÉREZ-CLARAMUNT
Interview
Colombia - February 27, 2025

Diego Pérez-Claramunt and Manuel Buitrago of Gran Tierra Energy talk about the company’s exploration strategy.

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A key pipeline inspector_David-Martinez-Ruiz
Interview
Colombia - February 04, 2025

Luis David Martínez Ruiz of American Tubular Services talks about the company’s reputation in the international inspection market.

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The importance of hot tapping in Colombia_Victor-Nieto
Interview
Colombia - February 04, 2025

Victor Manuel Nieto Gómez, CEO of Rhema International, talks about the company’s position in Colombia’s EPC landscape.

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PetroEcuador in management change
NEWS
Ecuador - July 12, 2018

Marcelo Proano has been appointed as the CEO of Ecuador’s state-owned downstream company, PetroEcuador, international media reported Wednesday.

Proano will…

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Ecuador to expand March offer, up output
NEWS
Ecuador - February 28, 2018

Ecuador will add four mature onshore oilfields and the Amistad offshore gasfield to an auction scheduled for March, international media reported on Tuesday.

The…

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Canacol to exit Ecuador
NEWS
Ecuador - December 20, 2017

Canacol has signed an agreement to divest from its Ecuador assets for USD 36.4 million.

It will sell its 25% stake in Servicios Libertador, a holding company which…

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ConocoPhillips in Ecuador settlement
NEWS
Ecuador - December 05, 2017

Ecuador has agreed to pay ConocoPhillips USD 337 million in a settlement for the expropriation of two blocks, the E&P giant announced on Monday.

In 2012, the…

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Interview
Argentina - September 18, 2017

Martín F. Brandi, the president of Petroquímica Comodoro Rivadavia (PCR), talks to TOGY about the challenges upstream operators face and potential investment areas.…

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Interview
Argentina - August 28, 2017

Ernesto Díaz, Wood Mackenzie’s regional director in Latin America, talks to TOGY about the differences between developing projects in Vaca Muerta and the Permian…

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Ecuador exits OPEC deal
NEWS
Multinational - July 18, 2017

Ecuador announced on Monday that it would no longer comply with the global production-cut deal that was extended by a further nine months in May, sending shockwaves…

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Govt signs off on Petroperu bond issue
NEWS
Peru - May 08, 2017

Petroperu has been given the green light to issue bonds to the tune of USD 2 billion, an entry in Peru’s official gazette on Sunday said.

While significant, the…

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Interview
Colombia - April 27, 2017

TOGY talks to Jorge Neher, partner at international law firm Norton Rose Fulbright’s Colombia office, about the state of the oil and gas industry in Latin America and…

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Ecuador wild card in majors’ Q1 results
NEWS
Ecuador - March 29, 2017

Confusion reigned over Ecuadorean debts on Tuesday as Baker Hughes announced it had received its dues, a day after Schlumberger said its Q1 results would likely be hurt…

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