Ten private oil companies presented their technical actions, strategic plans for 2026, and potential investments in Ecuador’s hydrocarbon sector during the Scout Meeting: Strategic Actions in the Hydrocarbons Industry held on April 8 in Quito.
The event included presentations from representatives of Petrobell, ENAP Ecuador, PCR, Gran Tierra Energy, Gente Oil, Andes Petroleum, PetroOriental, Pacifpetrol, Orión Energy and Pluspetrol. These companies are key operators working in various blocks of the Ecuadorian Amazon.
Acting Deputy Minister of Hydrocarbons Eduardo Racines led the formal session. Racines said that business meetings like this are essential for strategic planning that aligns with national government policies. “This meeting allows us to have a clear vision of the current state of each operator’s production. Knowing our current situation, what our real capacities are and what challenges we must face. Just as the State creates conditions, we need companies to continue betting on the country. To reinvest, innovate and optimize,” Racines said.
Key updates from company representatives included well workovers at Mauro Dávalos Cordero field (ENAP), new investment opportunities at block 64 (PCR), expanded development plans for six fields (Gran Tierra), increased operations at Villano and Oglan (Pluspetrol), future exploration projects at block 62 (Andes Petroleum), greater investment to boost reserves at block 14 (PetroOriental); innovation and more exploration for blocks 66 and 96 (Petrobell); improved energy efficiency at block 2 (Pacifpetrol); additional activities at block 53 (Gente Oil) and workovers in blocks 52 and 54 (Orion).
According to organizers, these efforts aim to consolidate key alliances between government and private oil firms to establish an innovative and sustainable industry that contributes to national economic growth as well as community development.
