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Five oil wells drilled by Belorusneft in Ecuador in 2017

Economy 22.01.2018 | 18:48

GOMEL, 22 January (BelTA) – The Belarusian industrial group Belorusneft drilled five development oil wells in Ecuador in 2017, with their average daily output at 350 tonnes, the company's press service told BelTA.

The work was done in the Armadillo oil field, which is situated in Napo, a province in the eastern part of Ecuador's central region. The project is being implemented in line with the 16-year contract that the Ecuadorian state oil extraction company Petroamazonas and Belorusneft's daughter enterprise Service Oil Ecuador Ecuaservoil have signed.

As part of the work to implement the contract the Belarusian company performed geological exploration using seismic survey data. Models were built. Engineering communications were designed and built bearing in mind the tough local environmental protection standards. Five wells were recommended for drilling after the data was evaluated. The construction of the first well began in April 2017. The construction of the fifth well was finished in December.

Successful oil extraction in the surveyed area confirms the calculations of Belarusian geologists were correct. Three oil reservoirs were discovered and new data about the local reserves was acquired. The area is estimated to contain 100 million barrels of oil.

The Belarusian industrial group Belorusneft was founded in 1966. The company specializes in the surveying, prospecting and development of oil fields, well drilling, oil and associated petroleum gas extraction in Belarus and a number of other countries, including Russia, Ukraine, Venezuela, and Ecuador.

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