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Ecuador Oil Sector

Tecnologa de Petrleos
USFQ

ECUADOR
HYDROCARBON
SECTOR

Exploration and Production


Crude oil production (Hydrocarbons Secretary):
tb/d
600

-15%

400
200
0

2000

2002

2004

2006

2008

2010

2012

2014

2016

Current official projections forecast a 15% drop in production


in the next 2 years.
Avoiding this decline will require a substantial effort by the
state.
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Exploration and Production


Incremental recovery
f actor

Incremental reserves by IOR/EOR (2012-2017):


10%

126

8%

132

2012 Data
Million barrels
70

6%

+ 280

370

Oil company:
Petroamazonas
Oil in place* (bb):
6,278

650

Substantial increase in reserves is possible with


the implementation of IOR/EOR:
The IOR potential is estimated at 650
million boe to 2017 by water injection
(waterflooding).
Tertiary recovery: CO2, Chemicals, etc would
be considered later.

Rio Napo
3,501

* Suggested fields for IOR pilots to 2017

Ishpingo, Tambococha and Tiputini ITT Reserves:


Million barrels

294

165

918

459

Ishpingo Tambococha

These resources could help increase


production in the medium and long
term.
ITT could add 150 tb/d in the
medium term.

Tiputini

Total

Refining Capacity
Esmeraldas: 110 tb/d Refinery complex

3 main refineries:

La Libertad: 45 tb/d

Distillation unit

Shushufindi: 20 tb/d

Distillation, LPG units

Total capacity: 190 tb/d

Esmeraldas refinery

Net importers of
light products and
middle distillates.
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Refined products demand


Gasoline (tb/d)
North

Diesel oil (tb/d)

South

North

120

120

100

100

South
4,4%

7,2%
80

7,9%

80
7,0%

60

60

40

40

20

20

0
03

04

05

06

07

08

09

10

11

12

13

14

15

16

17

03

Jet Fuel (tb/d)


North

05

06

07

08

09

10

11

12

13

14

15

16

17

LPG (thousand metric tonnes/day)

South

North

10

South

4,0

0,4%

0,9%

3,5

4,4%

04

3,8%

3,0
2,5

2,0
4

1,5
1,0

0,5

0,0
03

04

05

06

07

08

09

10

11

12

13

14

15

16

17

03

04

05

06

07

08

09

10

11

12

13

14

The demand for light products and middle distillates is set to increase
It will conBnue to require investment in infrastructure

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16

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Pipelines Crude oil


Major crude oil pipelines:

SOTE: Oleoducto Transecuatoriano, 305 miles


OCP: Oleoducto de crudos pesados, 305 miles

Terminal
Balao

OCP tb/d
500

Quininde Quito
Baeza

Lago Agrio

0
2010

SOTE
Pacific
Refinery

400

SOTE
OCP

2011

2012

2013

2014

2015

2016

2011

2012

2013

2014

2015

2016

tb/d

200
0
2010

Available

Usage

Easy to transport the crude produced in the country:


SOTE is working at its limit, OCP has over 60% of
available capacity (270 tb/d).
Need of new pipeline to Pacific Refinery.
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Pipelines Refined Products


Major refined products pipelines:
Most of the pipelines are operating very
close to their technical capacities
Pipelines are not sufficient to meet
demand.
The level of use is too high This
threatens the security of supply on a
daily basis, as well as the strategic
reserve levels.

Thousand barrels/day

Refined products demand:


LPG

250

Jet

Gasoline

Diesel

Increase capacity distribution


by pipelines and terminals in
order to supply current and
future demand.

200
150
100
50
0
2010

2011

2012

2013

2014

2015

2016

2017

Natural Gas
Few proven reserves and much uncertainty
about the potential of exploratory resources:
Proven reserves: 7,7 billion scm
Reserves/production: 9 years
Potential exploratory resources: 42,5 billion scm
(high risk because of little information)

Usage options for natural gas:


Domestic use

Power
Generation

Industry

Transport

Urea

Limited resources should be used to replace imported fuels


Power generation may use gas until the arrival of hydroelectric plants in 2016.
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