Ecuador: Petroamazonas Costs Fall as It Cuts Capex

摘要

Ecuador's state - owned Petroamazonas says it lowered its all - in production costs to $22.44 per barrel of oil equivalent in the first nine months of 2015 from $29.28/bbl in all of 2014. Petroamazonas is responsible for almost 80% of Ecuador's oil production, which averaged 546,000 barrels per day from January through September of this year.