The Ecuadorian national oil and gas company Petroecuador has announced a tender process to find an operator for its offshore gas field Amistad, located 72 km from the province of El Oro, in the Gulf of Guayaquil Gulf (south-eastern Ecuador). Petroecuador aims to increase the production of the field, but given its current lack of technical know-how and personnel to achieve its goal, it was decided to initiate the international bidding process to have companies with expertise in offshore natural gas activities to manage the Amistad field. Current production from the field is of about 0.6 mcm/d of natural gas, coming from three out of the 17 wells that have been drilled so far, and the field holds proven reserves of 4.7 bcm.
In August 2023, Petroecuador launched a bidding process to attract over US$173m in private investment for the development of its Amistad natural gas field, however the process left no successful bidders.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.