Bloomberg News

PetroEcuador Says Gas Field May Have $4 Billion of Reserves

March 12, 2012

PetroEcuador, the South American country’s state-owned oil company, said it may have natural gas reserves worth about $4 billion in an off-shore field in the country’s Gulf of Guayaquil.

Block 6, as the field is known, has possible reserves of 1.7 trillion cubic feet of gas, up from earlier estimates of 250 billion, Paulina Arias, a PetroEcuador spokeswoman, said today by telephone from Quito.

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

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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