The Ecuadorian government plans to boost national oil production by 2,411 barrels per day through exploration and production stabilization efforts.
The Ecuadorian Ministry of Environment and Energy (MAE) has outlined its strategy to enhance national oil production by 2,411 barrels a day in the short term. This initiative aims to increase exploration and stabilize production, involving the state-owned Petroamazonas alongside private companies, as stated in a recent press release on February 23. The measures also include finishing stability and production tests across three specific oil wells.