Andes Petroleum Ecuador Ltd. operates in the Tarapoa Block and the Lago Agrio Storage and Transfer Station in the province of Sucumbios.
PetroOriental S.A. operates in Blocks 14 and 17 in the province of Orellana and Pastaza.
These companies were set up with shareholder capital from state-run corporations of the People's Republic of China: China National Petroleum Corporation (CNPC), with a 55 per cent stockholding, and China Petrochemical Corporation (SINOPEC), with a 45 percent stake.
We have been in Ecuador since 2006 and have put together a compact multicultural, efficient, talented, highly-professional team, responsible for meeting the high productive and quality standards we have demonstrated throughout this period.
The fruits of our labour have been ostensibly beneficial for the development of Ecuador in a permanent display of our commitment to the country and its people.
Our work is carried out in the Tarapoa Block in the province of Sucumbios and in Blocks 14 and 17 in the province of Orellana and Pastaza. The hydrocarbons exploited by our companies are found in the "Ecuadorian Oriente Basin", an area depicting the complex history of Ecuador's geological evolution in the stratigraphic and structural traps of the Tena, Napo and Hollin formations.
Since 2006, the drilling and workover operations we have performed have successfully maintained the production in our blocks despite the length of time exploited and their consequent classification as mature fields.
The fields inside the Tarapoa block are developed in compliance with high standards; the crude oil produced is transported to Lago Agrio and then shipped through the OCP and/or SOTE to the coast at Esmeraldas, there joined by the production from Blocks 14 and 17.
With the aim of optimizing oil production, advanced technological projects are in progress, such as the drilling of horizontal wells, dual completions (i.e. two producing zones), downhole water separation, water control using relative permeability modifiers, and water reinjection for reservoir pressure maintenance, among others.
We analyze and evaluate exploration activities that can add value to the future potential of Ecuador's reserves by applying successive seismic reinterpretations using the latest technological and mathematical tools.
Also utilized is the appropriate technology to minimize the impact on the environment and to benefit the local communities in the areas of our activities.
Traditionally in operations in the Oriente Basin, associated natural gas from crude production is burned. On our blocks, however, the gas is used in energy generation which minimize the environmental impact.
Pressure maintenance projects are currently underway for enhanced recovery in the Tarapoa Block and Blocks 14 and 17, thus enabling us to improve primary recovery and optimize the recovery factor.
Furthermore, mathematical simulation models for the three blocks are currently being analyzed for different reservoirs in our endeavour to determine the best options for water management and final crude recovery.
Upon our arrival in Ecuador in 2006, our personnel had already received outstanding acknowledgments, such as the ISO 14001 certification from Det Norske Veritas of Norway for the Storage and Transfer Station (LTF). Similarly, our Community Health Initiative in Sucumbios won the "Canadian Prize for International Cooperation" and the "World Oil Prize" from World Oil magazine. Furthermore, a 3D seismic acquisition program in Block 14 was conferred the "Environmental World Award" from the Great Britain Institute of Energy.
We are the chief private foreign investor in the country over the past decade, as acknowledged year after year by prestigious magazines, including VISTAZO, GESTION and EKOS. Based on independent research and information furnished by the Ecuadorian IRS, Superintendency of Companies, and Customs, we lead the list of the Most Important Companies in the Country in the categories of Assets, Sales, Networth, Profits and particularly Payment of Taxes
Andes Petroleum Ecuador Ltd. and PetroOriental S.A. have also obtained the following awards:
The key to the Company's high level of productivity is its ongoing endeavour to confront new and difficult challenges, and to identify solutions which allow us to successfully tackle them. We also convey to our suppliers this self-imposed drive. We want to surround ourselves with the best suppliers who are also committed to meet our work standards. Suppliers and contractors must strictly adhere to our corporate policies in order to achieve the synergy required by our high operating standards. In addition, the value of their products and services is an important part of our ongoing pursuit of excellence, transparency and efficiency.
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In compliance with Ministerial Agreement No. 2020-20 of the Ministry of the Environment and Water, dated July 31, 2020, regarding "Protocol to restart Social/Citizen Participation Processes of the projects, works or activities that are within the National Environmental Standardization Process", the company, PetroOriental S.A., hereby makes available to the public the:
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