The level of competition in Ecuador’s oil and gas sector is low, with two state-run companies – Petroamazonas and Petroecuador – dominating the production of natural gas and oil derivatives, and accounting for the bulk of crude oil output (77.5% in 2018). Nevertheless, the participation of private companies is set to increase, given the liberalisation measures of the administration of president Moreno in order to attract private investment in the domestic oil and gas sector. Among these include the reinstatement of production-sharing contracts for oil and gas exploration in July 2018 and the launch of new bidding rounds for oil and gas blocks.

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