Articles
Business intelligence and analysis on Ecuador
CELEC Awards $59.2M Diesel Rental for 45 MW at Santa Elena
CELEC awarded a $59.2 million diesel-generation rental contract for 45 MW at the Santa Elena plant, nearly $13 million below the reference budget. The award went to Comercial Laeisz Honduras after seven offers and Sercop observations over the public-procurement process.
Ecuador Plans Emergency Contracting Committee as Erosion Threatens Coca Codo
Ecuador will form an emergency committee to accelerate works tied to regressive erosion on the Coca River, which threatens Coca Codo Sinclair’s water-intake structures. The hydro plant supplies about 25% of national electricity demand and cost more than $2 billion.
Petroecuador Adds Output at Sacha and Auca as State Production Hits 364,233 Bpd
Petroecuador added new well output at Sacha and Auca, with state production reaching 364,233 barrels per day on June 8. Sacha produced 72,811 bpd, about 20% of Petroecuador output, while Auca produced 61,007 bpd, about 17%.
Ecuador Checks Fuel Chain as Esmeraldas Refinery Recovers to Nearly 90%
Ecuador is verifying fuel inventories, dispatches and station operations before the June 12 monthly price update. Authorities say Esmeraldas refinery recovery lifted capacity from 40% to nearly 90% after a $15.7 million repair effort.
Petroecuador Restructuring Plan Points to Mixed-Capital Model
Ecuador's energy ministry is evaluating a mixed-capital model for Petroecuador that would maintain state control while opening up to private investment. The concept would require legal reform and could allow private participation up to 49%, with 51% under state control.
Powerchina Coca Codo Contract Now Expected by December
Ecuador now expects the Powerchina operating contract for Coca Codo Sinclair by December, later than the July timing previously expected. The 25-year contract would pay $47 million per year for operation of the 1,500 MW hydro plant.
Tanergy Group Wins $13.16M Ecuador Diesel-Generation Lease
Celec awarded a $13.16 million contract for 10 MW of diesel generation at Guangopolo to Tanergy Group. The contract is the first award from an April thermal-rental package designed to reduce dry-season power risk in late 2026.
Fuel Bands Point to Another Ecuador Price Increase From June 12
Ecuador's June 12 fuel adjustment is likely to move higher, Primicias reports. The outlet cited a $0.23/gal May increase in Ecuador's gasoline reference, WTI at $92.16/bbl on June 1, and projected local prices of about $3.31/gal for gasoline and $3.25/gal for diesel under the 5% band cap.
Auca 141H Adds 2,568 Bpd to Orellana Oil Output
A new horizontal well at Auca is producing 2,568 bpd, Primicias reports. The Block 61 field averages 60,000 bpd, has more than 580 drilled wells and is operated by Shaya, an SLB affiliate.
Ecuador Has Gone Three Months Without Domestic Premium Diesel Output
Ecuador has gone three months without producing premium diesel, Primicias reports. Imports rose 70.97% year over year in March and 98.58% in April while import prices reached $165.45 and $183.43 per barrel, respectively.
MAE Sets Oil-Production Roadmap Around Stabilization, Private Marginal Fields
Ecuador's Ministry of Environment and Energy has outlined a roadmap to stabilize crude output and bring private operators into marginal fields, El Universo reports. Petroecuador production fell 2.55% in the first four months of 2026, while national fiscalized output averaged 458,732 bpd.
Coca Codo Erosion Risk Rises Ahead of June-July Amazon Rain Peak
June and July historically bring the Coca River's highest flows, increasing risk around Coca Codo Sinclair's intake works, Primicias reports. The regressive-erosion front remained 3.6 km from the intake in the latest published report before the May 21 dike damage.