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LatinNews Daily - 21 June 2021

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In brief: Ecuador’s Petroecuador announces Amazon drilling projects

* Ecuador’s state-owned oil company, Petroecuador, has announced that it has begun preparations for the drilling of 11 new production wells in the Amazon area, which will begin in the second half of 2021. A Petroecuador press release stated that a drilling campaign will take place in the Ishipingo-Tambacocha-Tiputini (ITT) oil field that straddles the provinces of Napo and Pastaza, as well as in the Sacha oil field in Orellana province. A further nine oil wells will be drilled in the Sushufindi, Auca, Cuyabeno, Parahuacu, Uralpa y Oso, Libertador, Pañacocha, Pucuna, and Blaca-Vinita oil fields. Energy Minister Juan Carlos Bermeo Calderón said that “these campaigns will mitigate the natural decline of these oilfields… as well as progressively increasing the levels of production, in line with the government’s agenda”.