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Weather conditions force Petroecuador to shut down heavy crude oil wells
Thursday, June 20, 2024 - 10:30
Petroecuador. Foto: Reuters.

The drop in crude oil production between June 17 and 18 due to rain was 30,416 barrels, according to the Energy Regulation and Control Agency.

The paralysis of the Heavy Crude Oil Pipeline (OCP), due to problems caused by the storm, brings down oil production and forces Petroecuador to begin shutting down wells from which Napo crude oil (heavy crude oil) is extracted. It has previously had to fill its tank system with this crude oil, which at the moment becomes impossible to transport.

According to the Agency for the Regulation and Control of Energy and Non-Renewable Natural Resources, oil production fell in one day from 486,220 to 455,804 barrels between June 17 and 18. That is, it suffered a drop of 30,416 barrels.

In the case of Petroecuador alone, the reduction was 29,111 barrels, going from 390,317 to 361,206 barrels.

OCP announced on June 17 that it was suspending operations due to a risk generated by regressive erosion in the Coca River sector, which could affect this infrastructure.

The crude oil that has stopped being transported comes especially from the ITT (block 43) and blocks 16 and 37 Tivacuno. The Ecuadorian state company also reported that deliveries scheduled for June internationally will be rescheduled.

The Trans-Ecuadorian Pipeline System (SOTE), which is close to the OCP, continues to work uninterrupted, as explained by Petroecuador.

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