Ecuador’s state-run exploration and production company Petro­amazonas is eying a new phase of development on the Amistad offshore gas field, despite the current squeeze on spending.

Located about 60 kilometres offshore in the Gulf of Guayaquil, Amistad is currently producing about 50 million cubic feet of gas per day to supply the 130 megawatt Machala power plant.

Offshore gas production from the Amistad field started decades ago.

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