[1/4] A pipeline of state-owned Petroecuador is pictured as Ecuador is preparing to shut down oil production in the Yasuni Amazon reserve, in Via Auca, Orellana province, Ecuador July 28, 2023.
Ecuador is preparing to shut down block 43-ITT, which is operated by state-owned Petroecuador, after a majority of Ecuadoreans voted to close the project in August.
While oil wells have been closed before, Ecuador has no experience in abandoning an entire block of this size, which includes three fields and about 230 operating wells, he said.
Environmentalists and some communities nearby insist that prohibiting future oil operations and other extractive industries is the only way to take care of nature and curb climate change.
While some groups have demanded the immediate cessation of operations at 43-ITT, Davalos said an orderly closure was necessary.
Persons:
Karen Toro, Jose Davalos, Ecuadoreans, Guillermo Lasso, Davalos, Petroecuador, Alexandra Valencia, Chizu, Oliver Griffin
Organizations:
REUTERS, ITT, Reuters, Thomson
Locations:
Ecuador, Via Auca, Orellana province, QUITO