Colombia Ecopetrol invests in cross-country pipeline

Dec 16, 1996 01:00 AM

Colombia's Ecopetrol will invest 62 billion pesos in the Ocensa central pipeline project in 1997. The total cost of the 500 mile (800 km) pipeline is expected to be about $ 2 bn and is scheduled for completion by the end of next year. Ecopetrol has a 25 % stake in the pipeline which will run from Colombia's oil-rich eastern plains through the centre of the country to the Caribbean coast oil terminal at Coveas. Its partners are BP Colombia Pipeline, Total Pipeline-Colombia, Triton Pipeline Colombia and Canadian firms IPL Enterprises and TCPL International. The pipeline will serve the giant Cupiagua and Cusiana fields, exploited by BP, Triton and Total. By the time Phase 2 of the development is completed by the end of next year the fields will be producing 500,000 barrels a day. The Ocensa pipeline is described as technically as challenging as the TransAlaska pipeline, given that it has to pass over 10,000 foot high mountain ranges with gradients as steep as 60 and 70 %.

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