Intracampos I block testing phase provides an average of 9,600 barrels of crude oil

The following is a machine translation of a Ministry of Energy and Mines release

The development of the test phase in 23 wells, belonging to the blocks tendered in the Intracampos Round I, contributes 9,600 barrels of crude oil per day, benefiting national oil production. The figure presented at the beginning of September 2024 corresponds to the exploratory phase that is being carried out in different areas of the province of Sucumbíos.

Currently, activities are being carried out in six of the seven blocks tendered, which are located in the north-central part of the Oriente basin. The work being undertaken is intended to meet the goals established by each operator, as well as contribute to the development plan for the country's hydrocarbon sector, which contemplates the gradual and sustained increase in national crude oil production.

The approximate values after the testing stage in the blocks are distributed as follows:

Blocks tendered to the Canadian company Gran Tierra Energy

– Block #50 Charapa: 2,000 barrels per day.

– Block #51 Chanangué: 2,100 barrels per day.

Blocks operated by the Frontera-Geopark Consortium (Canada – USA)

– Block #88 Perico: 2,600 barrels per day.

– Block #92 Mirror: 800 barrels on average per day.

Blocks operated by the Argentine company PCR

– Block #90 Sahino: 2,100 barrels per day.

– Block #91 Arazá Este: Drilling was carried out, however; there are no production tests yet.

The test operation in the blocks will result in the extraction of oil between 15º and 27º API. The private companies and consortia maintain their commitment to the Ecuadorian State to increase seismic, geochemical, gravimetric and magnetometric activities.

The Intracampos I blocks were awarded in May 2019, under the Participation contractual modality. The actions carried out by each company are important because they contribute to the increase of oil reserves in the country. In addition, they are consolidated as a significant contribution to daily production, economic income for the treasury, economic dynamization, creation of sources of employment and productive chains for the communities of the Amazon, as well as industrial development under strict standards of sustainability and social responsibility.