Bloomberg News

Ecuador Seeks to Boost Oil Output by 20,000 Barrels Per Day

January 31, 2012

Jan. 31 (Bloomberg) -- Ecuador seeks to boost oil output by 20,000 barrels per day at two “mature” oil fields in the country’s Amazon region, Minister of Non-Renewable Natural Resources Wilson Pastor said.

Ecuador, the Organization of Petroleum Exporting Countries’ smallest member, will raise production at the Shushufindi and Libertador fields within two years following today’s signing of two contracts with oil service providers including Halliburton Co. and Schlumberger Ltd., Pastor said today in comments broadcast on state-owned television station EcuadorTV.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: Jonathan Roeder at jroeder@bloomberg.net


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