What Will Be the Effects of Ecuador's New Oil Contracts?

Authors

Inter-American Dialogue's Latin American Energy Advisor

Document Type

Article

Publication Date

12-6-2010

Abstract

Ecuador completed contract renegotiations Nov. 23 with several oil companies to replace profit-sharing agreements with flat-fee service contracts, but failed to reach an agreement with Petrobras and three other companies. How will the contract changes affect oil production in Ecuador? Is the government likely to make any alterations to the new policy? Will the contract changes lead would-be foreign investors to shy away from Ecuador?

Language

English

Recommended Citation

Inter-American Dialogue's Latin American Energy Advisor. "What Will Be the Effects of Ecuador's New Oil Contracts?." (2010). https://digitalrepository.unm.edu/la_energy_dialog/4