Ecuador's New Contracts for Oil and Gas Projects

Recorded On: 08/03/2021

Organized by the Latin America and Caribbean Chapter

Juan Carlos Bermeo, Minister of Energy of Ecuador
Steven Otillar, Partner, White & Case
Carlos Sarmiento, Managing Director, Ecuador, PerĂº and Colombia, Schlumberger
Javier Robalino, Managing Partner, Robalino Abogados
Moderator: Fernando Emanuele, Country Manager, Orion Energy

In light of Ecuador's new oil & gas policy, issued in mid-July 2021, the existing Production Sharing Contract model will be modified to be more competitive. This model will be used for new exploration areas as well as areas already in production that will be open for new investment opportunities. Considering these contract updates, making it more competitive, having more geological upside and using the US Dollar as currency, the expectation is Ecuador will attract investors in the region. 


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