All Days 2013
DOI: 10.2118/173486-ms
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The Shushufindi Adventure

Abstract: The Shushufindi field represents 10% of the total production of Ecuador. Discovered in 1972 with an estimated 3.7 billion bbls OOIP, it achieved a maximum production rate of 125,000 bopd in 1986. Since then, the field has been in decline reaching 43,000 bopd in January 2012 with a recovery factor of 30%. Consorcio Shushufindi was formed to address this decline, boosting production to over 65,000 bopd by Aug 2013. This dramatic improvement has been achieved through a gain share agreement which has seen 45 new w… Show more

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