August 2014
Ecuador Adopts New Exploration Methods
After Sea & Land completed two exploration projects in Ecuador and the government having confirmed the results by their own Geologists and Petroleum Engineers, Satellite scanning and Electromagnetic Depth Sounding Technology will be included by the Secretary of Hydrocarbons as a principal basis in the process of the Ronda (oil/gas block bidding process) in Ecuador, which means in the future that all OPEC countries and other oil/gas producing countries will recognize its benefits.

There are currently 18 oil/gas blocks available within Ecuador and the bidding will be conducted within the next several months. Sea & Land can provide additional information or assist those companies wishing to participate in the bidding.