en.Wedoany.com Reported - Ecuador's state oil company, Petroecuador, has restarted drilling activities at the Lobo field in Block 7, Orellana Province, where no new wells had been drilled for over 20 years. As part of a strategy to recover production capacity from mature fields, this initiative aligns with the energy policies of President Daniel Noboa's administration.

The initial production from this project was nearly 500 barrels per day. Through workover and hydraulic fracturing operations on existing wells, production at the Lobo field increased to over 2,000 barrels per day, reaching a peak of 2,300 barrels per day in the first half of 2026. The second drilled well achieved a peak production of 900 barrels per day, confirming the asset's production potential.

Production continues to increase by 1,500 barrels per day, generating an estimated monthly revenue of over $4 million for Ecuador, or nearly $49 million annually.

The reactivation of the Lobo field has also created local employment opportunities and driven the procurement of goods and services within its area of influence.

Since May 1, 2026, Petroecuador has carried out multiple production enhancement activities, recording incremental production contributions from other assets, including: 10,510 barrels per day from the Sacha field; 5,486 barrels per day from the Auca field; 4,852 barrels per day from the Lago Agrio field; 3,897 barrels per day from the Oso-Yuralpa field; 2,567 barrels per day from the Edén Yuturi-ITT field; 2,125 barrels per day from the Palo Azul field; and a combined incremental production of 5,567 barrels per day from the Shushufindi, Cuyabeno, Indillana, Libertador, and B16-67 fields.

Petroecuador executes these activities in accordance with the highest standards of industrial safety, social responsibility, and environmental protection, reaffirming its commitment to efficient, sustainable, and responsible operations.

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