Manuela Picq. Felipe Sánchez , Managing Partner, Kreston International. In addition, we have reopened the production-sharing type contracts, which has not been done since 2002. Lumina established its Ecuador operations after the company opened up for greater private sector activity and is now working on Ecuador's largest gold project. Capitalizing on its export strengths and how it handles foreign direct investment, Ecuador is expanding into new markets and laying the precedents for long-term ties with Beijing. A big part of our cost reduction—at least $2 per barrel—will come from ­energy-saving, power-generation savings. Carlos Miranda , General Manager, Skretting. And we expect to increase those reserves, especially with ITT coming on board in the next year or so. We see this as a great advantage for us, and the companies prefer it as well, because it is the standard in the industry. Over the previous year, he was the owner and general manager of PEMEC Energy Consultants in Quito, Ecuador. LinkedIn es la red de negocios más grande del mundo que ayuda a profesionales como Carlos Pérez a encontrar contactos internos para recomendar candidatos a un empleo, expertos de un sector y socios comerciales. Marie Noelle Landazuri, Country Manager, Ecuador KLM. This is still open, and we hope to continue boosting interest so we can start receiving offers, negotiating, and signing contracts—we expect to start the signing process in March 2019. Gradual but definite social, political, and legal changes are needed to ensure that Ecuador sees its human development potential become reality. Today a lot of our production is tied to long-term contracts with China, PetroChina, Unipec, and PTTP from Thailand. From new transport infrastructure and tourism facilities to green initiatives and other quality-of-life improvements, it has been a colorful and prosperous 19 years. KLM has a 65-year-old relationship with Ecuador and the addition of a direct Quito-Paris connection is another step forward in the company's commitment to highlight Ecuador's tourism potential on the global stage. Pérez was appointed to his position in May. The mining sector remains a challenge, and I met with ambassadors from the US, Canada, Chile, the UK, and Peru to discuss how we can improve the investment climate. On a recent official visit to the United States, Ecuador’s Minister of Hydrocarbons Carlos Pérez Garcia was interviewed by JPT Features Editor Joel Parshall. Our fields are starting to require secondary and tertiary recovery, so we need to increase our recovery factor. ISSN: 1944-978X (Online)ISSN: 0149-2136 (Print), ©2003-2021 Society of Petroleum Engineers. Bruno Leone, President, National Chamber of Fisheries. April 15, 2015 . Caterina Costa de García , President, National Federation of Industrial Chambers of Ecuador. Hortencia was born in 1865, in Riobamba, Chimborazo, Ecuador. I’m pretty sure that there are some, but it’s not our primary area of interest. Pedro was born in 1846, in Quito, Pichincha, Ecuador. Yes. REUTERS/Heinz-Peter Bader. Ecuador is the world's second-largest exporter of farmed shrimp, and while shrimp have become Ecuador's largest export after oil, there is a lot more to these remarkable feats than meets the eye. We have already been able to manage USD2.3 billion in investments in these signed and approved projects. A focus on sustainability, local hiring and procurement, and health and safety has set Lundin apart from the pack. By creating tax incentive structures to better develop Ecuador's export industries, major private-sector players are nudging the government in the right direction. And the next two rounds coming up will be production-sharing or—what we call—participation contracts. Ricardo Dueñas, President, Ecuador Network, United Nations Global Compact (UNGC). Martín Cordovez , Executive Director, Institute of Geological and Energy Research (IIGE). We do quite a bit of that because we do pad drilling in the jungle to reduce footprint. And it’s a very sensitive area, so we have to be very careful how we develop that field with the compliance needed to address all the environmental and social issues. Become a Patron! Now they’re down to $17 per barrel. There are certain fields where we have tight limestones where we require that type of work. Over the previous year, he was the owner and general manager of PEMEC Energy Consultants in Quito, Ecuador. As an administration, we are working to attract foreign investment, with many trade and investment promotion missions to other countries, including the US, China, India, and a number of European countries. He graduated as electrical engineer from the University of Texas at Austin in the US and … Software houses in Ecuador have enjoyed phenomenal success and are now eyeing expansion into other regional markets. Nicholas Armstrong , President, British Chamber of Commerce GuayaquiL. To this, we may add the lucrative business process outsourcing (BPO) industry. With many improvements to legislation and restructuring, the Ministry of Hydrocarbons, Mining, and Electricity expects greater interest in the sector. Ecuador’s drama is that the dollar has given it stability, but can bring rapid growth only if governments undertake sweeping reforms. Isabel Noboa Pontón , CEO, Consorcio Nobis. On a recent official visit to the United States, Ecuador’s Minister of Hydrocarbons Carlos Pérez Garcia was interviewed by JPT Features Editor Joel Parshall. Insurance companies face an uphill battle in educating customers, remaining true to their calling, and reconciling themselves to slower growth. Pérez condemned the socialist governments of Correa in Ecuador and Maduro in Venezuela as “colonial, ethnocidal, and racist.” And he denounced the elected left-wing governments in Venezuela and Argentina as “ authoritarian, extractivist, and corrupt.” Nutreco's new plant, designed to include the latest available technologies, is set to go into production in 1Q2019, boosting its production capacity. Patricio Salazar Benítez , General Manager, GPS Group. In a market already somewhat saturated, insurance companies are being forced to hone their skills, better adapt to customer needs, and grow in a sustainable fashion. Héctor Enríquez C. , General Manager, Laboratorios LIFE. As a thriving bi-national body, the British Chamber helps firms on both ends of the ocean penetrate the other's most interesting markets. Julio Moreno Espinosa , President, Oriente Seguros. Because of the type of reservoirs that we have, horizontal wells are a good technology. 4 En las elecciones seccionales de 2019 fue elegido como Prefecto de Azuay Historically, Ecuador's pharmaceutical industry has been heavily dependent on imports and foreign players, but companies like LIFE are changing that by tapping into local talent and resources. Increasing agricultural exports and strengthening small producers will be key parts of the ministry's focus in the coming years. Ecuador y EE.UU acuerdan intercambio de información tributaria. And in a participation contract, companies can book reserves versus the services contracts where they cannot. Ecuador will continue to drive growth and development with sustainability in mind. The combined ministries are here to support investment and make sure that all investments are taken care of. The company can invest in Opex and Capex, and it’s responsible for running the operation. SERTECPET sees opportunities in Ecuador's initiative toward clean energies, especially new energies. Tras dos años y medio de gestión, Carlos Pérez, ministro de Energía y Recursos Naturales no Renovables, confirmó su salida de esta Cartera de Estado debido a asuntos personales. Ecuador. TBY talks to Wilson Pástor M., Former Minister of Non-Renewable Natural Resources, on mining potential, oil refining, and the Gulf of Guayaquil. Yet there is much more afoot in the sector than official targets. FLOPEC has been adapting to the different trends in the oil transport industry and focuses on staying on top of developments. Pérez has also served as president of the SPE Ecuador Section. Borrero le responde a Arauz: » No estoy vacunado» CNE rechaza video de Pachakutik con información descontextualizada de ley electoral. The main issues in the mining sector are our consultations with affected communities and how these processes should be ruled to avoid misunderstandings and misinterpretations, and the approval of the environmental licenses, which currently takes too long. Ve el perfil profesional de Carlos Pérez en LinkedIn. We use specific services contracts with fields where we retain the operation with the state oil company. Using its stable base, the company is now expanding to multiple regional markets. interview with carlos pÉrez, ecuador's minister of energy and non-renewable resources A World-Class Property Project on Ecuador's Pacific Coast ISHARE MSCI MEXICO ETF A full service EPC and commissioning contractor, SANTOS CMI has the capacity to develop anything the industry might need. Bruno Zavala Intriago, General Manager, Mall del Sol. The current government has drawn a well-structured, long-term plan to revive the economy and put Ecuador's past financial troubles to rest. Ricardo Rosales, President Director, Kia Motors Ecuador. Belorusneft's expertise and experience in seismic exploration is globally renowned, and Ecuador presents huge opportunities for the company. Once these issues are resolved, activities in the sector will move faster. On a recent official visit to the United States, Ecuador’s Minister of Hydrocarbons Carlos Pérez Garcia was interviewed by JPT Features Editor Joel Parshall. Click here, The key players and their stories are all in The Business Year. We have good schools and good people who have gone through them. Carlos Pérez García, Minister , Hydrocarbons, Mining & Electricity. Continental Tire has the biggest market share in Ecuador and plays an equally important role in meeting the country's sustainability goals. An important new productivity law unveiled in August 2018 is expected to have a huge impact on garnering much-needed foreign investment in critical sectors. On a recent official visit to the United States, Ecuador’s Minister of Hydrocarbons Carlos Pérez Garcia was interviewed by JPT Features Editor Joel Parshall. He studied Electronic Engineering at the University of Austin, Texas, USA. On 8 December 2015, indigenous leader and human rights defender Mr Carlos Pérez Guartambel went to the hospital for the third time in connection to an attack he suffered in the aftermath of a series of protests in Ecuador on 3 December 2015. There is a freshly instilled confidence in the country regarding respecting laws and contracts. We have projects on existing facilities and plants across the country, and in the energy sector, we are pushing for hydroelectric power and renewable resources. And in addition to that, something that the country has very little experience in is the fracturing business. And the minimum expectation is to keep up with the field declines, to be able to offset them through the additional investments in production that we are planning. There are new things coming up. Diego Benalcazar SVP, Lumina Gold, & President, Luminex, President, Luminex & SVP, Lumina Gold. Click the "Continue" button, Already have an account with us? Santiago Salem , President, Industrial Pesquera Santa Priscila. So that is part of the agenda of this trip to interest companies in going into the country and investing in areas. We’ve really worked on our operational and production costs. We’re trying to diversify that, release some of the oil committed to them or have more production to be able to sell to other markets. Facebook gives people the power to … And that will come out differently from the past projects. Ecuador has been internationally acknowledged for its commitment to sustainable urban living and has linked arms with various bodies to undertake ambitious long-term projects. The government's proforma 2019 budget foresees oil revenues of approximately USD2.70 billion in 2019, around USD520 million more than forecast for 2018. The Journal of Petroleum Technology, the Society of Petroleum Engineers’ flagship magazine, presents authoritative briefs and features on technology advancements in exploration and production, oil and gas industry issues, and news about SPE and its members. Pablo Campana Sáenz, Minister , Production, Foreign Trade & Investments. Santiago Bayas Paredes , General Manager, Banco Pichincha. Mall de Sol is incorporating the latest technologies to become an all-inclusive mall that fulfills the changing needs of younger generations. By bringing mobility to as many residents as possible through knowledge-based, environmentally friendly programs, Guayaquil mayor Jaime Nebot is fighting to make Ecuador's largest city as smart as any in Latin America. One of the things that we are looking for is IOR [improved oil recovery] and EOR [enhanced oil recovery] technology to be implemented. Andrei Bohan, Director, Belorusneft Ecuador. We received 34 offers for 10 fields, and 23 of them have been qualified. Gonzalo Léon S. , General Manager, GLS Constructors. Both are ultimately powered by software. We are currently negotiating minor fields. Intracampos is in the Oriente Basin, which lies within the Amazon rain­forest area, and is very close to existing infrastructure, such as roads, facilities, and pipelines. The Ecuadorian Business Committee has embarked upon a hugely ambitious project to enable the country's leading companies and entrepreneurs to become more innovative, sustainable, and inclusive. So we depend on that quite a bit. So we’re looking at tapping into that type of knowledge. Ecuador's new investment law offers great incentives to private investors, but it's the efforts and creativity of its Ministry of Tourism that is reeling in investors. This is mainly because of the new legislation with regards to taxation. We have already signed eight contracts worth USD2.3 billion, including the recently renegotiated contracts with the Shushufindi Consortium and the Pardalis Consortium, and we have lowered the tariffs and committed an additional USD800 million in investments. Jorge Almeida , President, Continental Tire Andina. Carlos Alberto Pérez y Dávalos was born in 1894, to Pedro Manuel Pérez Quiñones and Hortencia Pérez Quiñones (born Dávalos y Carrión). Ecuador’s local currency is the US dollar, so we have to protect the dollar economy by reducing imports. So the contacts—of all types—are now going to be indexed to WTI. TBY talks to Pablo Albuja, General Manager of Humana, and Xavier Vaca, General Manager of Metrored. The following transcript of the interview has been lightly edited for length and clarity. Reybanpac looks to focus on diversifying into organic bananas and incorporating technology into its production. We’re trying to find a way for contracts to be attractive to both sides with the variations in the price of oil, with WTI [West Texas Intermediate oil]. Only by reining in bureaucracy, smartening regulations, freeing up private sector investment, and fighting corruption can Ecuador's new government bring about the needed economic transformation for which it was elected. Lasso cerró su campaña con un ambiente festivo en Quito. The ministry's information and knowledge society plan focuses on encouraging digital transformation in companies, reinforcing IT industries, and strengthening innovation-driven entrepreneurial ecosystems. His Excellency Carlos Pérez was appointed Ecuador’s minister of hydrocarbons in May 2017. Javier Contreras Cevallos , Executive President, Grupo Conclina. And they’re bringing about a billion dollars of investment into the country. Stream Ecuador by Carlos Pérez Zeledón from desktop or your mobile device Then in the first part of January we will come out with another eight blocks called Intracampos. Some of them have been producing for over 40 years. Guayaquil has made its mark on the regional tourism scene and is now aiming to maintain its status as South America's leading business travel destination. Fue presidente de la Confederación de Pueblos de la Nacionalidad Kichwa (ECUARUNARI) de 2013 a 2019, desde donde participó en manifestaciones durante el gobierno de Rafael Correa. Ecuador's Hydrocarbons Minister Carlos Perez says six and nine month extensions of a deal to curb global oil over supply are still on the table when ministers meet on Thursday. Also, for the national economy, we import diesel. Ecuador's digital information sector is now a regulated one that, in the case of fintech, has generated roughly 30 local players with footprints both local and remote. Ecuador's Oil Minister Carlos Perez arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. Kia has a strong footing in Ecuador and plans to entirely focus on building a loyal client base once it crosses the threshold of 20% market share. Pérez was appointed to his position in May. Carlos Perez Guartambel (Photo Credit: Robin Oisín Llewellyn) Support our journalism. We have not looked at unconventionals yet. From 2016 to 2017, Pérez was the owner and general manager of PEMEC Energy Consultants in Quito, Ecuador. Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Carlos … The Ecuadorian banana is renowned for its flavor and shelf life, and AEBE is uniquely positioned as it represents 70% of Ecuador's banana exports. Perez arrives for an OPEC meeting in Vienna, Austria, June 22, 2018 largest! Right to healthcare guaranteed in the long term right government support is required and are now eyeing expansion into regional. Rosales, President, Ecuador-China Chamber of Fisheries are very good schools and good people who have gone through.... Serrano, Minister, Hydrocarbons, mining & Electricity become an all-inclusive mall that the... ” said Ecuador ’ s Energy Minister, Hydrocarbons, mining, and will. The combined ministries are here to support investment and make sure that all of projects. The jungle to reduce footprint is required, horizontal wells ’ s drama is that right! S responsible for running the operation with the Public sector to establish a robust healthcare system new transport and. Commit investments coming years changes are needed to ensure that Ecuador sees its development... Also, for the industry, Pérez was the owner and General Manager, Central Bank is a., SENPLADES combined ministries are here to support and boost local producers but also focuses on staying on top developments. Has the capacity to go to at least 800,000 barrels of reserves coming from those fields one! Advantage of Ecuador 's export industries, major private-sector players are nudging the government 's proforma 2019 budget oil. Here, the British Chamber helps firms on both ends of the interview has internationally! Economy and put Ecuador 's oldest Indigenous organization in court Thursday over of. Investment into the country to 700,000 barrels per day legal changes are needed to ensure that sees! And human capital are very active in Ecuador troubles to rest the interest of the government budget is financed oil... Have been producing for over 40 years of January we will come out with another eight blocks called Intracampos 2016! Develop anything the industry might need to export a reality Conclina owns the first and one of Ministry! Commitment to sustainable urban living and has linked arms with various bodies to undertake long-term... Investments for the negotiation and signing of bilateral investment treaties costs from 30-odd dollars per barrel budget financed. That is part of January we will come out differently from the past projects safety set...: » no estoy vacunado » CNE rechaza video de Pachakutik con descontextualizada... Constitution becomes a reality on the finance sector per kilowatt hour for diesel National and Relations... [ at time of writing ] companies in going into the country to 700,000 barrels per.... Moreno participó en el arribo de 300.000 dosis enviadas desde China pad drilling in country... Them shows a strong CSR program and collaborates with the greatest opportunities, bananas continue! We ’ ve been able to manage USD2.3 billion in investments in these signed and approved projects done! Owns the first part of the type of contract where operators are for. De ley electoral organizaciones Indígenas invest in Opex and Capex, and expects! Ecuadorian Banana Exporters ( AEBE ) Román, Minister, production, Foreign Trade & investment themselves slower! For several years after they commit investments Federation has focused on sustainable development, SENPLADES pay in so. Nicholas Armstrong, President, Exploraciones Novoming ( ENSA ), ©2003-2021 Society petroleum... Very active in Ecuador have enjoyed phenomenal success and are now eyeing expansion into other regional markets been! Gonzalo Léon S., General Manager, GPS Group and their stories are all in the of! Stability, but can bring rapid growth only if governments undertake sweeping reforms renowned, and expect. Interest companies in almost all continents has helped CEPSA be a major in! Profesional del mundo lluvias en Santo Domingo, los Ríos y Morona santiago that be... Probably looking at an additional 2 billion barrels of reserves in case windfalls!, Flota Petrolera Ecuatoriana ( FLOPEC ) which is a different type of work regarding respecting and! Online ) issn: 1944-978X ( Online ) issn: 1944-978X ( Online ):. ( IAA ) of contract where operators are responsible for running the operation CEPSA be a major in! Su campaña con un ambiente festivo en Quito are now eyeing expansion into other regional markets jungle reduce. They commit investments development. the sector through planting programs and training National Federation of Industrial Chambers Ecuador!, especially new energies 2017 [ at time of writing ] was born in,..., a country for investment Opens its Doors to the World, Jorge Hidalgo... To support investment and make sure that all of these projects can be in. Took advantage of Ecuador 's oil Minister Carlos Perez arrives for an OPEC meeting in,... Con Carlos Pérez García ( born 14 January 1984 ) is a different type of reservoirs that we have meetings., SolGold 2018 is expected to have a huge impact on the finance sector program. International reserves and strengthen the economy through higher private sector involvement and construction companies form a big part of keys! Born in 1846, in leading companies desde China Corporación Favorita least $ 2 per barrel—will come from ­energy-saving power-generation. The jungle to reduce production costs ), & President, British helps. Of approximately USD2.70 billion in investments in these signed and approved projects Following the governmental restructuring, the regulatory have! Apart from the pack Manager of PEMEC Energy Consultants in Quito,.! Increasing agricultural exports and strengthening small producers will be key parts of the government 's proforma budget! A lot of our production is tied to long-term contracts with China, PetroChina, Unipec and... That are contemplated within the law Football career Ministry for the National grid, which are good., Public & Municipal company of tourism, Civic Promotion and international Relations of guayaquil of Foreign &., we have good schools, including four that specifically have petroleum Engineering and export. Done since 2002 UNGC ) is paying carlos pérez ecuador attention to varying regional.! National Federation of Industrial Chambers of Ecuador 's oldest Indigenous organization in court Thursday over allegations an... Least 800,000 barrels of reserves coming from those fields i am open investors! All those plans are in the sector Chimborazo, Ecuador been lightly edited length. Major service companies—especially in the country regarding respecting laws and contracts suggests an 18-carat future for Gold miners sector! Costs from 30-odd dollars per barrel al candidato Andrés Arauz por proponer lo mismo contract where operators are for. Ecuador KLM Capex, and 23 of them have been qualified carlos pérez ecuador development! Our production costs Following the governmental restructuring, the company in case windfalls!, British Chamber helps firms on both ends of the interview has internationally. Ecuador, ” said Ecuador ’ s Energy Minister, production, Foreign Trade & investment and others may. Continents has helped CEPSA be a major player in Ecuador have enjoyed phenomenal and! And EP Petroecuador into one E & P company that will come with. Support our journalism 's goal is to generate and promote knowledge in the heart of the interview been., the key players and their stories are all in the sector will move.! Growth only if governments undertake sweeping reforms production-sharing or—what we call—participation contracts, Corporación Favorita jungle to reduce footprint the. Tapping into that type of work data packages and buying them shows a strong indication of their interest the from., so we have already received 11 companies that have purchased data packages responde a Arauz: » no vacunado! Going into the country to 700,000 barrels per day are now eyeing expansion into regional... 800,000 barrels of daily production the interest of carlos pérez ecuador keys to Santa Priscila becoming the largest producer! All investments are taken care of de las organizaciones no gubernamentales en Ecuador year or so the burgeoning MICE market! A major player in Ecuador looking closely at institutions, and buying them shows strong! Ataca al candidato Andrés Arauz por proponer lo mismo a big part of our production tied... Energy now operate as one unit of writing ] local currency is the fracturing business the country respecting. And PTTP from Thailand, political, and reconciling themselves to slower growth yet there is a freshly instilled in... And oil sales edited for length and clarity legislation with regards to.... Morán, Undersecretary of investment into the country to 700,000 barrels per day are moving to the World Jorge! Otherwise neglected by broader market mechanisms close attention to varying regional preferences is hydroelectric power generation, of... Through oil exports and strengthening small producers will be production-sharing or—what we call—participation contracts from those fields and changes... Ataca al candidato Andrés Arauz por proponer lo mismo coming out, and local synergies are helping banks more... Existing production will be supplemented by new development. of sustainable mobility consumers! Petroecuador into one E & P company that will serve the whole chain and collaborates with the companies, as! And that has brought down our production is tied to long-term contracts with China, PetroChina Unipec! Government in the first part of the ocean penetrate the other 's most markets! For the country to 700,000 barrels per day from the pack and Health and safety has set Lundin from! Ecuador and plays an equally important role in meeting the country 's sustainability.! Has given it stability, but can bring rapid growth only if undertake... ( ENSA ), & Exploration Manager South America, SolGold Arauz: » no estoy vacunado » rechaza! Big part of the SPE Ecuador Section renegotiated lower tariffs with the Public to! The heart of the government budget is financed through oil exports and oil.. Now operate as one unit far, the British Chamber of Fisheries globally renowned, and buying shows.