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Bullboard - Stock Discussion Forum Saturn Oil & Gas Inc T.SOIL

Alternate Symbol(s): OILSF | T.SOIL.WT.A

Energy Oil & Gas E&P

Saturn Oil & Gas Inc. is a Canada-based resource company. The Company is engaged in the business of acquisition, exploration and development of petroleum and natural gas resource deposits in Western Canada. It focuses on advancing the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It also focuses on the development of light oil weighted assets in... see more

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TSX:SOIL - Post Discussion

Saturn Oil & Gas Inc > Ecuador Shuts 2 Lines That Carry 500,000 bbls/day

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Post by geezer21 on Dec 13, 2021 7:17pm

Ecuador Shuts 2 Lines That Carry 500,000 bbls/day

Ecuador declares force majeure for oil exports, production due to erosion

Reuters, 13 December

By Alexandra Valencia

QUITO, Dec 13 (Reuters) - Ecuador’s government on Monday declared force majeure over its oil exports and production contracts after ongoing erosion in its Amazon region forced a halt to pumping on two pipelines.

The declaration will allow the implementation of contingency plans, the energy ministry said in a statement.

The erosion is taking place along rivers in the Amazon province of Napo, home to the privately owned OCP pipeline and the public SOTE pipeline. (Reporting by Alexandra Valencia; Writing by Julia Symmes Cobb; Editing by Mark Porter)

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