Ecuador drilling of a new oil well called SCHAQ-605) located in the Amazon province of Orellana. That was reported by the Public Company Petroecuador this Tuesday, February 27, 2024.
«The state company began oil production on the Sacha AQ platform (Sacha 490) and calculated a production of 700 barrels per day,” Vistazo reported.
According to the state company, drilling has been done in this location 10 wellswith a total production of 7,800 barrels per day. Additionally, it is anticipated that the drilling of five additional wells will generate an additional increase of 3,500 barrels.
In that sense, the General Manager of EP Petroecuador, Marcela Reinoso, personally supervised the start of drilling of the SCHAQ-605 well. Thus, the start of well number 11 of a total of 15 scheduled on this platform formally began.
“The significant investment made for the construction of the SACHA AQ platform amounted to $11.2 millioncovering aspects such as civil, electromechanical works and equipment acquisition,” Vistazo continued.
He Petroleum It is one of the essential products in the Ecuadorian economy, being one of the main exports and a crucial source of financing for the public budget, with a current production from around 487,000 barrels a day.
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