Pluspetrol Maps Expansion in Ecuador’s Amazon as Regional Growth Accelerates

Group 1: Company Operations - Pluspetrol is expanding its on-shore operations in Block 10 in Ecuador's Amazonian province of Pastaza, with plans to bring the Oglán field into production alongside the existing Villano field [1] - The expansion plan includes the construction of a drilling platform for five development wells, access roads, a flow line, and a power-transmission line, with drilling at the Siccha field scheduled for 2026 after regulatory approval [1] - Block 10 accounted for 7,253 barrels on 18 November, representing about 7% of Ecuador's total private oil output [1] Group 2: Regional Strategy and Social Impact - Since entering Ecuador in 2019, Pluspetrol has become the fourth-largest private upstream operator in the country, positioning Block 10 as a key part of its regional strategy [2] - The company emphasizes social investment initiatives in health, education, institutional capacity, and environmental programs, such as Ecuador Carbono Cero [2] - Indigenous groups in the region have raised concerns about Pluspetrol's operations, citing inadequate prior consultation, spill-related impacts, and social divisions within villages [2] Group 3: Broader Operations and Future Plans - Beyond Ecuador, Pluspetrol operates in Argentina, Bolivia, Peru, and other countries, while also expanding into mining and energy-transition assets [3] - The firm aims to heighten exploration of large gas reservoirs, mature fields with enhanced recovery, and unconventional resources in the region, as stated in its 2024 Sustainability Report [3] - Pluspetrol's multi-country operations reflect a strategy of combining production growth with diversification into critical minerals and renewables, which is essential for adapting to the shifting landscape of the oil-and-gas sector in Latin America [3]