Correa in 2007 asked wealthy countries to donate $3.6 billion to offset revenue lost by not drilling in the Yasuni National Park. But the initiative was scrapped in 2013 after it brought in less than 4 percent of the amount requested.
Correa’s government blamed the international community for the failure of a plan once seen as a possible model for other developing countries seeking to resist the lure of oil money.
Wednesday’s drilling by the state oil company Petroamazonas began in the ITT (Ishpingo-Tambococha-Tiputini) block at Tiputini, which is just outside Yasuni. Ishpingo and Tambococha are within the Yasuni reserve itself.
Correra has said previously that drilling would affect less than 1 percent of the reserve.
“It’s the start of a new era for Ecuadorean oil,” said Vice President Jorge Glas after a tour of the site on Wednesday.
“In this new era, first comes care for the environment and second responsibility for the communities and the economy, for the Ecuadorean people,” he told reporters, adding that the cost of production was less than $12 per barrel.
Ecuador is OPEC’s smallest member and has suffered heavily from the fall in oil prices. Around half its income comes from oil, according to the World Bank.
The end of Ecuador’s conservation initiative for the eastern Yasuni, a vast swath of rainforest on the equator, drew outrage from environmentalists when it was first announced.
About 1.67 billion barrels of oil lie under Yasuni’s soil.
With output from the Tiputini field, Ecuador’s oil production will rise to some 570,000 barrels per day (bpd) from a current level of about 550,000 bpd, government officials say.
