What is the latest status of the project “Sacha Oil Block Development”?

The status recorded for “Sacha Oil Block Development” is Awarded.

What is the budget and commercial profile for the project “Sacha Oil Block Development”?

Taiyo normalizes the budget of “Sacha Oil Block Development” to USD 1500000000.

Where can I verify the source and access all details for “Sacha Oil Block Development”?

This Taiyo project page references Brazil Energy Insight along with the original URL (https://brazilenergyinsight.com/2025/03/06/ecuador-awards-oil-contract-to-chinese-led-group-to-boost-crown-jewel-project/). Taiyo standardizes official data into a consistent, searchable project profile.

Sacha Oil Block Development

Sector: Oil and Gas • Location: Ecuador

Source: Brazil Energy Insight

Project

Awarded

Ecuador has awarded a 20-year production sharing contract for the Sacha oil block to a consortium led by China's Sinopec and Canada's New Stratus Energy. This project aims to enhance crude oil output from the Sacha block, which is the country's most productive oil field, with plans to increase production to 100,000 barrels per day over the next three years.

Status: Closed
Sector: Oil and Gas
Location: Ecuador
Updated: 22 Jul 2026
Source: Brazil Energy Insight

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Project Information

4 Q

The project “Sacha Oil Block Development” is an infrastructure initiative in the Oil and Gas sector, located in Ecuador. Taiyo aggregates data on it from Brazil Energy Insight.

Participants

Not available for this record.

Status

Original status	Awarded
Taiyo status	Closed
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Ecuador has awarded a 20-year production sharing contract for the Sacha oil block to a consortium led by China's Sinopec and Canada's New Stratus Energy. This project aims to enhance crude oil output from the Sacha block, which is the country's most productive oil field, with plans to increase production to 100,000 barrels per day over the next three years.
Original sector	Energy
Budget

Location

Country

Ecuador

Source

Source	Brazil Energy Insight
URL

More Details

Record type	Project
Sector	Oil and Gas
Article published date	2025-03-09

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Sacha Oil Block Development

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