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Campo Sacha: Government notified Sinopetrol that the concession contract will not be concluded

Summary by El Universo
The Government formalized its decision not to continue the process of granting the Sacha field, which was awarded to the Chinese-Canadian consortium Sinopetrol. The Vice Minister of Hydrocarbons, Guilhermo Ferreira, sent a trade to the companies Amodaimi Oil Company and Petrolia Ecuador, members of the consortium, in which he notified that “the said contract cannot be concluded” of participation for the exploitation and additional exploration of…

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Canal RTU broke the news in on Thursday, April 3, 2025.
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