Work is already under way in the Ecuador jungles to repair the Trans-Andean oil pipeline severed in several places on July 8th by Ecuador's worst floods for 60 years.
AVs Drilling rig in jungle (2 shots)
AV's & SV FROM Pilot ACROSS jungle (2 shots)
AV Pipeline across country
AV's Broken pipe-line across river
AV's Oil on banks of river
MV & AV Broken pipeline (2 shots)
GV Bulldozer surrounder by oil and mud
CU Oil on water TILT UP TO GV & CU broken pipelines (3 shots)
SV Oil on water TILT TO GV river
Initials BB/1851 RS/DW/BB/1903
Script is copyright Reuters Limited. All rights reserved
Background: Work is already under way in the Ecuador jungles to repair the Trans-Andean oil pipeline severed in several places on July 8th by Ecuador's worst floods for 60 years.
More than 50,000 barrels of oil poured into the Aguarico River when the pipeline was cut. Now the flow of oil more than 200,000 barrels a day has ceased and it has been estimated repairs could take up to three months.
The Ecuador President General Guillermo Rodriguez Lara has said the effect on the Ecuador economy will be serious.
The country's new found wealth was based largely on the oil in the jungles. Each barrel of oil that does not et to the export markets of the United Stats, Peru, Panama and Chile represents a loss in revenue to Ecuador of 8 B.S. dollars (GBP 3.30 sterling).
The pipeline runs for more than 300 miles (500 kms) from the jungle wells to the coast. It crosses the Andes at a height of 13,000 feet (4,053 metres) above sea level.
Apart from the damage to the pipeline, the floods left more than 5,000 families homeless, and destroyed crops.
SYNOPSIS: An oil drilling rig in the jungles of Eastern Ecuador. From rigs such as this Ecuador's newly found oil wealth has flowed.
More than two hundred thousand barrels a day have been passing along the three hundred mile pipeline over the Andes from the jungles to the sea.
But the flow of oil has stopped.
The worst floods in Ecuador for sixty years swept away the vital pipeline where it crossed the Aguarico River -- just one of several place where the line was severed.
Fifty thousand barrels of crude oil flowed into the Aguarico River form the broken pipe.
The damage means a loss of more than one and a half million dollars a day in oil revenues to the Ecuador Government. President Rodriguez Lara has called it a serious loss.
Repair work has already begun -- but some estimates say it could be three months before it is complete.
Nearly seventy per cent of Ecuador's oil exports go to the United States -- the rest to Panama, Peru and Chile.
The floods turned large areas into virtual lakes.
At least five thousand families were made homeless and many crops destroyed.