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

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/12241

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

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Title: What Will Be the Effects of Ecuador's New Oil Contracts?
Author: Inter-American Dialogue's Latin American Energy Advisor
Subject(s): agreement
flat-fee service
Petrobras
policy
Jose Luis Ziritt
rates
Rene Ortiz-Duran
OPEC
hydrocarbons law
Ramiro Crespo
Analytica Securities
Andes Petroleum
PetroOriental
Paulina Durango
lack of investment
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?
Date: 2010-12-06
Citation: Inter-American Dialogue’s Latin American Energy Advisor, November 6-10, 2010; pp. 1, 4, 6. Also online at www.thedialogue.org.
URI: http://hdl.handle.net/1928/12241

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