Ecuador
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Sundown-Clipper could sign contract in 30 days

Bnamericas
Ecuador's energy ministry could sign in one month a contract with Houston-based consortium Sundown-Clipper to explore onshore blocks 4 and 5 in Guayaquil, newspaper El Comercio quoted energy minister Eduardo López as saying. López expects state oil company Petroecuador's tender committee, the attorney general and the armed forces to approve the contract in November. If commercial quantities of natural gas are discovered on the blocks, a new contract would be drawn up, but if only oil is discovered the participation contract would remain the same, Sundown-Clipper CEO Jeffrey Cafey was quoted as saying. The blocks are two of the four that made up Petroecuador's ninth bidding round. Sundown-Clipper was the only bidder on the blocks in March this year.

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  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...