The first oil well was discovered in Ancon., Oil exploitation was concentrated in the Santa Elena peninsula., This is reported in the book "Hitos de la Industria Petrolera 1829 - 2005", Geophysical Co obtained more than 5 million hectares in new concessions., Oil exports did not exceed 6% of Ecuador's total exports., Explorations did not yield commercial results and at the end of the 50's., In 1967 found the first commercial wells in the Amazon., Oil produced was for self-consumption.,

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