Ecopetrol Picks 7 Partners for Colombia Pipeline

Source: Reuters 11/11/2010, Location: South America

Ecopetrol has chosen seven partners led by Canadian oil companies, Pacific Rubiales and Petrominerales to work on a $4.2 billion project to build an oil pipeline, Colombia's state oil company.

Ecopetrol will hold 55 percent of the shares in the project which will also involve Hocol, Rancho Hermoso - Canacol Energy, Grupo C&C Energia and Vetra Exploracion y Produccion each with less than 1 percent share.

The pipeline will run from Llanos Orientales, where a major part of Colombia's oil is extracted, to the Caribbean port of Covenas and will be completed in three phases by 2012.

Latin America's No. 4 oil producer, Colombia has seen petroleum investment soar since 2002 when the government began a U.S.-backed drive against FARC guerrillas. Violence has eased allowing access to oil areas once off limits due to security.


Nigeria >>  5/26/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resou...
Japan >>  5/20/2022 - Keiyo Gas Co., Ltd. ("Keiyo Gas"), Otaki Gas Co., Ltd. ("Otaki Gas"), JERA Co., Inc. ("JERA"), TEPCO Energy Partner, Inc. ("TEPCO EP"), and Nanohana P...

Czech Republic >>  5/17/2022 - DNV has been requested by NET4GAS, the international gas transmission system operator based in the Czech Republic to evaluate the hydrogen suitability...
United States >>  5/16/2022 - Gulf Coast Express Pipeline LLC (GCX) announced an open season to solicit commitments for an expansion project on its system. Upon achieving a final i...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.