Peru and Ecuador
Press Release

EP Petroecuador and PetroTal sign agreement for Peruvian crude oil transportation project through Block 16, Orellana

Bnamericas

This Petroecuador release was published using machine translation.

For two months, PetroTal will transport (transfer) an estimated 100,000 barrels of Peruvian crude oil through the facilities of Block 16, located in the province of Orellana.

These activities will be possible thanks to the agreement signed this May 1, 2024 between the Peruvian company PetroTal and EP Petroecuador. This joint work reinforces the cooperation agreements between Ecuador and Peru in hydrocarbon matters.

The project consists of transporting the oil from Field 95 Brittany located in eastern Peru, through barges, to the Pompeya North Port of Block 16, for subsequent transfer in tank trucks to the Amazonas Station, belonging to the private company OCP Ecuador. SA, and culminate with its shipment through the Punta Gorda Maritime Terminal in Esmeraldas. For this service, EP Petroecuador will receive a fee.

The conversations to achieve this objective began at the end of 2023 and were finalized once the technical and legal feasibility for its implementation was available. To this end, on-site inspections were carried out and work meetings were held in order to analyze the agreement and its annexes, to finalize its signing for mutual benefit.

The signing of this agreement took place in Quito and was attended by the Manager of the Assets in Transition Business Unit, Igor Gallardo; PetroTal's representative in Ecuador, Sebastián Saá, the company's representative in Ecuador, Gonzalo Maldonado and the team of both companies.

The data

Since January 2023, EP Petroecuador assumed the operations of Blocks 16 and 67 in Orellana, once the contractual term concluded and they were reverted to the Ecuadorian State.

For its part, PetroTal is a Peruvian company that operates in Lot 95, located in the Loreto region and in Lot 107, located in part of the Huánuco and Pasco regions.

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