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  • New Licensing Round - WA#38
    New Licensing Round - WA#38

    Oil policy

  • The 8 blocks just brought out to tender are all small, and surround Shushufindi, which once produced 100 k bpd. (WA#38)

  • From 2013 on, Ecuador has persistent fiscal deficits that exceed 4% of GDP. The coded 2018 Budget establishes as goal the reduction of the global deficit to $4.1 bn or 4.0% of GDP. The primary deficit (excludes interest payments) would fall to $1.8 bn or 1.8% of GDP. (WA#35)

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Grupo Spurrier is the leading company in the development of key solutions and services for business success; it specializes in monitoring the economy and politics of Ecuador, as well as on economic research, market research, consulting and corporate training, models and business plans development, investment plans, and market power law consulting.

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Weekly Analysis Briefs


    The Hydrocarbons Secretariat just called a tender for small oil blocs, the first of a production-sharing modality, as the regulations for such contracts was redrawn and the windfall profits tax repealed. A second tender is to be called later in the year. Previously Petroamazonas carried out two rounds for specific services contracts for small bl...


    The Superior Court of Azuay interpreted question 5 of the February referendum as an anti-mining mandate. It remains to be seen if this interpretation holds. The Court decision is the most resounding success of the anti-mining forces, led by Ecuarunari, who attacked the first mining operation to start production, Rio Blanco. Ecuarunari threatens ...


    In the first seven months of the year, total public expenditure decreased -5.4% y-o-y. The totality of this contraction is due to a strong reduction in public investment while current spending continues to rise. Less public investment and better revenues allowed the deficit in the first seven months of 2018 to be reduced by - $ 1.6 billion. Fina...