Ecuador says it is breaking oil daily production record
The country, a member of OPEC is one of the smallest contributors of the cartel
The state-owned oil company’s goal was to achieve average output of 150.949 barrels per day (bpd). The production figures in the report indicate that Petroecuador has surpassed its goal by 6.5%.
New technologies that allow an “increase in the potential of wells” have boosted production, Petroecuador said.
The production record was set thanks to a shift in production to areas with “better potential”
The state-owned oil company’s goal was to achieve average output of 150.949 barrels per day (bpd). The production figures in the report indicate that Petroecuador has surpassed its goal by 6.5%.
New technologies that allow an “increase in the potential of wells” have boosted production, Petroecuador said.
The production record was set thanks to a shift in production to areas with “better potential”
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