The public company Petroecuador reported that the procedures for contracting Integrated Specific Services with contractor financing for the reactivation of closed wells and the capture and/or industrialization of associated gas have been declared invalid.
Through a statement released on Friday, April 21, Petroecuador indicated that the decision came after “significant inconsistencies” were discovered.
Petroecuador is looking for a partner to increase the production and reserves of Campo Sacha
“After an analysis of the above-mentioned processes, significant inconsistencies were discovered, which led to the decision to declare them null and void, in defense of institutional interests and for the benefit of the Ecuadorian state,” the state-owned company said in a statement. .
📍 OFFICIAL ANNOUNCEMENT 📄 | Regarding the bidding process for the reactivation of closed wells and the capture and/or industrialization of associated gas, @EPPETROEKVADOR apply ⬇️ pic.twitter.com/JtiLU15a6c
— EP PETROECUADOR (@EPPETROECUADOR) April 22, 2023
The public company has announced that it will re-open tenders as soon as possible in order to attract new investments in accordance with the provisions of current regulations and laws.
In 2022, Petroecuador began the contracting process for Integrated Specific Services.
Source: Eluniverso
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