New high quality oil started flowing in Ecuador

Jul 29, 1997 02:00 AM

July 12, 1997 A new oil well in the north-east of Ecuador started to produce 5,000 barrels of high quality crude a day, said a spokesmen of the state enterprise Petroproduction. The well is located in the north-eastern province of Sucumbios, in a jungle zone bordering with Colombia. Petroproduction operates 485 wells that produce 303,000 of oil a day, almost 80 % of the 375,000 barrels a day of the national output.
Ecuador exports some 250,000 bpd, which finance 50 % of the government budget.

Source: not available
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