Project Profile
Value: Undisclosed
Location: Oriente Basin, in the Eastern part of Ecuador, South America
Reserves: 300 million barrels of oil in place
Production: 12,500 barrels of oil per day (2014)
Production Start-up: 1999
The Villano Oil Field is located in Block 10 and is approximately 260 kilometres southeast of Quito. Agip Oil Ecuador, has been operating the block since 2000. In September of 2014, the company announced the discovery of an oil reserve potentially containing 300 million barrels of oil in place. Facility production is approximately 12,500 barrels of oil per day (2014).
The Villano Oil Field is regarded as setting the new standard for environmentally-conscious and socially responsible development in the rainforest. The operation was designed to meet the challenge of making oil and gas exploration and production compatible with conservation and sustainability goals. To minimize impact on the rainforest and its ecosystem, the field was developed without access roads or runways. People, drilling equipment and supplies for Agip Oil Ecuador’s operations will be transferred via Erickson’s helicopters.
Operators:
Eni Oil Ecuador (Agip Oil Ecuador): Operator with 100% interest
Contractors:
Fluor: Contracted to provide engineering, procurement, survey, construction, and maintenance services. (1999)
Erickson: Transportation Contract (2014)
Subcontractors: