The degree of competition in Ecuador’s oil and gas sector can be characterised as low, with just one company – the state-run Petroecuador and its subsidiaries – dominating the production of natural gas and oil derivatives and accounting for the bulk of crude oil output (78.4% in 2017). Nevertheless, the participation of private companies in the sector is set to increase, given the measures of the administration of president Moreno to attract private investment in the domestic oil and gas extraction industry – as evidenced by the launch of new bidding rounds, and the reinstatement of the production-sharing modality in oil and gas concessions.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS 

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 OIL 

07 NATURAL GAS 

08 RETAIL CHANNELS