The Petroecuador’s production has had an increase of almost 2,000 barrels per day between April 13 and April 18 of this year. Thus, according to figures from the Agency for Energy and Non-Renewable Natural Resources (ARC), While on April 13 the production was 385,380 barrels, on April 18 the oil production of the public hydrocarbon company reached 387,785 barrels: an increase of 1,905 barrels.
The increase in state production is in turn related to the rise in ITT production, which in the same period rose 1,712 barrels, going from 52,427 to 54,139 barrels.
Is that last week Petroecuador announced the start of drilling platform A of the Ishpingo field in the ITT block. The expectation is that the production of this field will increase by 3,600 per day. However, that figure is not yet reflected..
According to the oil expert Miguel Robalino, the increase in ITT production has not yet been recorded in the same proportion as the announcements made because, on the one hand, there are a few days of delay until the product arrives at the crude accounting or control sites. That period is four to five days, which would be understood to have already been completed, he says.
However, it also indicates that it may happen that the Ishpingo’s first producing well does not remain at the announced figure, but drops a little when it stabilizes.
For Robin, The Government and Petroecuador must be clear that the increase in ITT production will not be immediate, but rather gradual for the next two years. This is because in the area, he adds, the technical average of each producing well can range from 600 to 3,000 barrels per dayno more.
According to statements made in a radio interview by the manager of Petroecuador, Ítalo Cedeño, Petroecuador’s plan is to be able to drill 36 wells on each of the two platforms, A and B, of Ishpingo. The drilling of each platform includes 35 production wells and one reinjection well so that the debris from the deposits goes there and does not generate environmental damage.
In addition, the operation will be sought to be as agile as possible, and for this it has been thought of using four drills simultaneously.
For Cedeno, the increase in the production of these wells would reach approximately 50,000. This could contribute to the elimination of 50% of the fiscal deficit.
However, the country’s total production could also increase by an additional 50,000 barrels per day through the strategy of reopening some 100 wells that are currently closed and recovering others that are underexploited. This would increase production by about 100,000 barrels in the medium term.
The behavior of the production of private companies has been more downward, according to figures from the ARC. Between April 13 and 18, private companies lowered their figures from 109,719 to 108,954 barrels per day.
For Robalino, the drop in private production, with the exception of some large companies, has become almost a normal issue. This especially if the production of the smallest companies is analyzed. The latter, he says, have done almost nothing to increase production. In this case, for Robalino, what the Government should do is monitor compliance with the investment plan of these companiesto demand that they make the investments to which they have committed.
In any case, in the sum, the country’s oil production (private and state) went from 495,599 barrels (April 13) to 496,739 (April 18), approaching the barrier of half a million barrels.
About the topic, the Minister of Energy, Juan Carlos Bermeo, He had said in recent days that the potential of this field is great and that it means enormous work for ecological access, for the implementation of platforms and the necessary investment. The minister has said that the country currently produces 500,000 barrels per day and it is sought, with the Ishpingo, as well as with other fields, such as Sacha, to increase extraction as much as possible this year.
When asked about the ruling of the Constitutional Court on the unconstitutionality of several articles of decree 751, related to exploitation in Yasuní, and the position of environmentalists due to the impact of production in this area, Bermeo commented that the Ishpingo platforms are outside the buffer zone and far from the area of uncontacted peoples.
“I don’t know of an oil field that is so careful, so full of regulations, procedures and environmental safeguards as is the case with the ITT (…); not only with measures developed by Petroecuador, but in simultaneous concurrence with the Ministry of the Environment, which certifies compliance with the requirements,” said Bermeo. (I)
Source: Eluniverso
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