The Ecuadorian hydrocarbon’s sector, in line with National Government Policies, is working to develop new opportunities for private investors, in order to generate the required resources to enhance social and economic development in our country.
In order to meet the need of resources and economic diversification, the Ministry of Energy and Non-Renewable Natural Resources has been working on the creation of regulations, policies and agreements to secure increased revenue by strategically using the current oil market conditions.
As a result, we are announcing the 2018 Intracampos that includes eight oil blocks, in the Sucumbios Province, located among other Ecuadorian big oil fields.
The development of this process will increase successful investments in exploration for hydrocarbons. Additionally, the implementation of the Participation Contract, which offers benefits for both the country and the bidding companies under the frame of political trust and legal certainty, will position Ecuador as an attractive investment destination.
The Ministry of Energy and Non-Renewable Natural Resources is putting together the 2018 Intracampos Bidding Round that constitutes an important opportunity for business; it offers a wide portfolio of opportunities in terms of oil exploration and exploitation which, along with the developed technical, human and technological potential, will mark the beginning of a new era in the hydrocarbons history of our country.
Minister of Energy and Non-Renewable Natural Resources