RIO DE JANEIRO, BRAZIL - Ecuadorian state oil company Petroecuador has launched a tender to reopen 100 abandoned oil wells and extract associated gas from fields in the Amazon, the company said Friday.
The reopening of these 100 wells will allow Ecuador to increase its oil production by 15,000 barrels per day in about eight months, Petroecuador general director Ítalo Cedeño said in a speech to the Society of Petroleum Engineers (SPE).
These hundred or so wells, which will likely be awarded in groups of 25, have a facility and environmental licenses because they belong to fields that are . . .
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