Colombia's main oil pipeline readies for expanded ops

Tuesday, November 15, 2016

A project to expand Colombia's principal crude pipline, Oleoducto Central (Ocensa), is in the completion and start-up testing stage, and due to begin operations next quarter.

State oil company Ecopetrol, which controls Ocensa through subsidiary Cenit, provided the update in its latest earnings report.

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The project began in 2014 and will increase transport capacity of the 800km duct by 135,000b/d to around 750,000b/d.

Ocensa statistics reveal the pipeline moved 558,162b on November 14.

Ocensa pipeline route (CREDIT: Ocensa)

Ecopetrol and its affliates and subsidiaries invested US$280mn in transport in the first nine months of 2016, or 14% of the group's total investment in the period that reached US$1.99bn.

The bulk of investment went to refining, petrochemicals and biofuels (US$766mn), and production (US$750mn). Exploration received US$160mn.

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