Ecuador completed contract renegotiations Nov. 23 with several oil companies to replace profit-sharing agreements with flat-fee service contracts, but failed to reach an agreement with Petrobras and three other companies. How will the contract changes affect oil production in Ecuador? Is the government likely to make any alterations to the new policy? Will the contract changes lead would-be foreign investors to shy away from Ecuador?
Inter-American Dialogue's Latin American Energy Advisor. "What Will Be the Effects of Ecuador's New Oil Contracts?." (2010). http://digitalrepository.unm.edu/la_energy_dialog/4