UPDATE 1-Petroecuador sees damaged pipeline pumping Monday

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QUITO, March 1 (Reuters) - Repairs to Ecuador's 360,000 barrels of oil per day SOTE pipeline are on schedule and the line is expected to resume pumping on Monday, an official of state oil firm Petroecuador said on Saturday.

"Good weather has helped us, repairs are on schedule ... . We expect the pipeline to be repaired and pumping on Monday," Alfonso Jimenez, the manager of the SOTE pipeline who is overseeing repairs, told Reuters in a telephone interview.

Ecuador delayed exports of its Oriente crude after the SOTE pipeline was shut on Thursday due to a mudslide. Petroecuador said that it could start lowering daily output if the line is not fixed by Sunday afternoon because of scarce storage capacity in oilfields.

News of the pipeline disruption helped send oil to a record high above $103 per barrel, but prices retreated on Friday, settling at $101.

Petroecuador exports an average of 180,000 bpd, of which 120,000 barrels are Oriente crude. The SOTE carries most of the oil Petroecuador produces and crude extracted by private oil firms awarded to the state as part of their contracts.

Ecuador, South America's fifth largest oil producer, has an output of around 500,000 bpd. Private oil firms extract nearly half of the total oil output. (Reporting by Alonso Soto; Editing by Xavier Briand)