New Market Report Now Available: Ecuador Oil & Gas Report Q2 2014
Ecuador, long a laggard for petroleum investment due to its above-ground risk profile, can be expected to make modest near-term gains in production. However, the incremental uptick in production is not matched by any commensurate growth in proven oil reserves. That is because exploration investment remains static, as the sector is beset by economic terms that are unattractive to many firms, a history of legal uncertainties and likely compounded by investors aversion to the risk of reputational criticism if they...
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