QUITO (Reuters) – Ecuador’s state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell (RDSa.L) a contract to lift some 20.2 million barrels of Oriente-grade crude between 2020 and 2023.

Shell Western Supply and Trading beat out the other two bidders, Trafigura [TRAFGF.UL] and Mitsubishi (8058.T), by offering to pay a premium of 71 cents per barrel above the reference price for West Texas Intermediate crude.

Petroecuador expects the deal to bring in some $950 million. The Andean country produces some 545,000 barrels per day of crude.