Andes Petroleum Ecuador Ltd. operates in the Tarapoa Block and the Lago Agrio Storage and Transfer Station (Sucumbios).

PetroOriental S.A. operates in blocks 14 and 17 (Orellana).

Andes Petroleum Ecuador Ltd. and PetroOriental S.A. are companies established through capital provided by state-run firms from the People's Republic of China.  These include: China National Petroleum Corporation (CNPC) with 55% shareholder participation and China Petrochemical Corporation (SINOPEC) with 45% shareholder participation. 

We also hold a 36.26% share in the Heavy Crude Pipeline (OCP).

CNPC

CNPC is one of the most important energy companies in the world.  It is a state-run company whose commercial operations cover a wide spectrum of activities.  In the oil industry specifically it is dedicated to the exploration, exploitation and production of hydrocarbons as well as transportation and refining (in order to obtain derivatives). It also performs national marketing and international commerce activities as well as the manufacturing and supply of machinery.

Figures 2008:

•  Oil: 2.38 million barrels per day
•  Gas: 5.09 billion cubic feet per day
•  Total assets: USD 175,613 million
•  Earnings: USD 157,521 million
•  Profit: USD 18,625 million
• Counts with 11,221 million barrels of proven oil reserves and 61,189 billion cubic feet of proven gas reserves.

According to the 2008 ranking published by the weekly US Petroleum Intelligence, CNPC occupied the 5th place in the world’s top 50 oil firms based on oil and gas reserve indexes, production figures, crude processing capacity and sale of refined products. The company also occupied the 25th place among the top 500 companies in sales volumes according to The Fortune Global 500.

SINOPEC

The Sinopec Group is a state-run oil and petrochemical company whose activities include exploration, production and refining of oil and gas as well as chemical production, marketing and product distribution.

It is the second largest oil producer in China with 16 producing fields.  It is the largest crude refinery in Asia and the third largest in the world; it is also the second largest petrochemical firm in Asia, the seventh largest in the world and the largest oil derivative product distributor in China (gasoline, diesel, jet fuel and others).

Production 2008:

• Oil: 296.80 million barrels per day
• Gas: 293.06 billion cubic feet per day
• Total assets: USD 112,420 million
• Income: USD 219,977 million
• Profit: USD 4,118 million
• Counts with 4,001 million barrels of proven oil and natural gas reserves
• Oil refining capacity totaled 169 million tons
• Produced 6.29 million tons of ethylene 
• Distributed 123 million tons of oil derivative products 

In 2008 it ranked on the 16th place among the top 500 companies in sales volume according to The Fortune Global 500.