Ecuador
Over the 17 years of Enap's presence in Ecuador, it has been able to consolidate its position in the country through exploratory, developmental, and exploitation activities in the Mauro Dávalos Cordero (MDC) and Paraíso, Biguno, Huachito, and Intracampos (PBH-I) Blocks. In 2019, Enap Ecuador achieved a cumulative production of 90 million barrels since it began its operations, with a historic record of daily production of 24,458 barrels per day on December 29, 2019. This achievement resulted in record levels of sales, profits, and cash flow.
On the other hand, participation in exploration activities in the Block 28 Consortium continues, through Enap's company, EOP Operaciones Petroleras S.A.
In the Intracampos area of the PBH-I Block, added to Ecuador's portfolio in 2011, exploration activities were promoted between 2011 and 2014. These activities included seismic acquisition and interpretation, and the subsequent drilling of two exploratory wells, Copal-1 and Inchi-1. Inchi-1 marked the first discovery in Ecuador that added new reserves due to contract renegotiations with the Secretaría de Hidrocarburos in 2010.
Based on the successful results of the Inchi-1 exploratory well, a total of twelve development and advanced wells were drilled in the Inchi field of the Intracampos area between 2015 and 2019. The successful outcomes of these drilling activities help maintain the exploration potential of the area.
Block 28 was incorporated in 2015, where EOP Operaciones Petroleras S.A. holds a 42% stake as the operator in the consortium, along with Petroamazonas EP (51%) and Belorusneft (7%). In this block, preliminary activities were carried out to obtain the Environmental License, and a stratigraphic well was drilled to reduce the geological risk of the Mirador prospect. Since the Exploratory License could not be obtained until 2018, the Ministry of Energy and Non-Renewable Natural Resources (MEyRNNR) authorized an extension of the exploration period until May 2021. In 2019, progress was made in the Environmental License procedures for the drilling of the exploratory well, with its issuance expected in mid-2020.
Egypt
Enap Egypt operates in the East Ras Qattara block in the Western Desert, with a 50.5% stake.
Various discoveries have been made in this Block from 2007 to date. The commercial development of the aforementioned discoveries is carried out by the joint venture formed between the contractor consortium and the Egyptian General Petroleum Corporation (EGPC), each party with 50% of the shares.
