Ecuador Oil and Gas Sector Report 2019/2020

Although Ecuador is the smallest member of the OPEC, the country has a prominent position in the oil and gas sector in Latin America. In 2018, it had the third largest proven oil reserves in the region and was its fifth biggest oil producer. The oil and gas sector is of paramount importance to the Ecuadorian economy, accounting for 40.5% of its national exports and for 53% of total foreign direct investment in 2018. Despite the recovery of international oil prices during the year, domestic crude oil output continued to decline, due to agreed production cuts within the OPEC framework, but also because of a prolonged period of underinvestment in exploration. However, thanks to positive price effects, the country’s export revenues from crude oil surged by 26.9% y/y to USD 7.9bn in 2018.

This report provides a complete and detailed analysis of the oil and gas sector for Ecuador. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the oil and gas sector in Ecuador
• Access production and investment forecasts
• Crystallise the forces both driving and restraining this sector in Ecuador
• Gain insight into reserves, drilling activity, infrastructure and other production issues
• See oil and gas consumption within the country
• Ascertain Ecuador’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Ecuador
• Build a clear picture of the downstream, midstream an upstream processes