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Petroecuador Declares Force Majeure Following Heavy Rains
7 Articles
7 Articles
Petroecuador’s oil production fell dramatically in a single day, from 369,589 barrels of crude oil on July 1, to 254,689 the next day. The contraction occurs at times when intense rains affect Amazon provinces.
The state also reported that it began to close some of the oil wells in the Amazon region due to the lack of transport to move the oil
Ecuadorean state oil company Petroecuador has reported that oil exports will be affected after the suspension of pumping of the country’s two main pipelines, due to intense rains in an area on the eastern side of the Andes. Its manager, Leonardo Bruns, also announced the declaration of force majeure in the Trans-Ecuadorian Oil Pipeline System (Sote), one of the country’s main pipelines, due to the reactivation of retrogressive erosion, a natural…
Decision avoids sanctions for non-compliance with sales contracts Ecuador suspended the export of oil due to the paralysing of its two oil wells since Wednesday, threatened by the damage caused by the heavy rain in Amazon, reported this Thursday by the manager of the state of Petroequador, Leonard Bruns. The country extracted from the Amazon fields in 2024 about 475 thousand barrels per day (bd) of oil, which exported 73%. Its fragile economy de…
The state interrupts shipments in the face of heavy rains and a necessary road variant; the measure threatens revenues of up to $7.4 million per day
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