Venezuela awards $ 700 mm heavy oil pipeline later this year

Feb 28, 1997 01:00 AM

Lagoven, a subsidiary of state-owned PDVSA, plans to award the contract to build a $ 700 mm heavy oil pipeline and deep-water terminal in eastern Venezuela some time in the second quarter of this year, the company said. The 100-km line will run from a pumping station at Caripito to the Caribbean port of Guiria, where the deep-water terminal will be built, Lagoven planning supervisor Robert Rebolledo told. Twelve companies have expressed interest in the project, he said. The pipeline is expected to carry about 170,000 bpd of heavy oil when it begins operation in 1999, although it will have a capacity of 470,000 bpd.
Rebolledo said another pipeline, 150 kilometres long with 200,000 bpd capacity, was also planned to carry heavy oil from the oilfields of Morichal to the pumping station at Caripito, but was not due for tender yet. There is already a 120,000 bpd line along that route, but a new one will be needed if heavy oil output rises as expected, he added.
The Caripito-Guiria line is principally designed to serve Lagoven's 75,000 bpd and Benton Vincler's 40,000 bpd heavy oil production from the Morichal and Uracoa/Bombal/Tucupita areas. Rebolledo said output from these areas would probably reach 105,000 bpd and 70,000 bpd respectively by 1999.
Currently, heavy crude from these fields is shipped from Caripito down the San Juan River and from Punta Cuchillo on the Orinoco River. Rebolledo said the San Juan River was badly affected by tidal swell which limited exports by this route.

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