What’s new in exploration ///
In the last few years, Ecuador has renegotiated agreements under a new hydrocarbons law, received unusual international largesse from the UN, started production from a new field, and been subject to scrutiny and lost lawsuits over its treatment of indigenous people. This month, state-run oil company Petroamazonas will take over the E&P unit of state-owned oil firm Petroecuador, and launch a new lease sale.
A recent oil conference in Quito, the country’s capital and center of the oil industry, addressed predominantly technical subjects but also covered a few exploration topics. Two parallel sessions at the XII Ecuador Oil & Power Expo & Conference (Sept. 26–28, 2012) included panel discussions on exploration and increased reserves and enhanced recovery, and presentations on satellite imaging and geographic information systems and computational numerical simulations.
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