Ecuador enters new agreement to pay debt to Schlumberger

Posted on November 16, 2017 • Filed under: Ecuador, Oil

QUITO, Nov 15 (Reuters) – Ecuadorean state-owned oil firm Petroamazonas will sign an agreement this month to settle $300 million in unpaid bills from oil services company Schlumberger, an arrangement that includes a five-year financing deal, the Oil Ministry said on Wednesday.
THINKING OF MOVING TO ECUADOR – THIS BOOK IS A MUST READ

The smallest member of OPEC earlier this year reported a debt of $850 million with Schlumberger that it had promised to pay down in separate disbursements. Read Article

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