BMI View: Ecuador’s oil production is on track to make some near-term gains as output rises and enhanced oil recovery projects take shape; however, we see more downside risk than upside given the above-ground challenges that have undermined interest in the OPEC member’s upstream. Although there is sizable upside from upstream projects currently under appraisal, for now we expect output to peak by 2017 with risk that it could come sooner and a steeper rate given high rates of decline at mature fields. Our current forecast for gas assumes that with the arrival of a rig and planned investment at …
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