Oleoducto Bicentenario Oil Pipeline

Summary Information

• Source: Casanare
• Destination: Covenas
• Ownership:

* Ecopetrol S.A. 	- 275,977.3 - 55.00
* Pacific OBC   	- 164,989    - 32.88
* Petrominerales Colombia Ltd. - 48,427 - 9.65
* Hocol S.A.   	- 4,857 - 0.96
* Rancho Hermoso S.A.- Canacol Energy Ltd. - 2,509 - 0.50
* C&C Energía    	-  2,509 - 0.50 
* Vetra Exploracion & Produccion Colombia S.A.S. - 2,509 - 0.50

• Website: http://www.ecopetrol.com.co/
• Length: 960 kilometres ( miles)
• Capacity: 450,000 barrels of oil per day
• Crude Type:

+++ Brief Description

• The Sociedad Oleoducto Bicentenario de Colombia S.A.S. has as its objective to build and operate a private-use oil pipeline between Casanare and Covenas that will be 960 kilometers long and have a final capacity of 450,000 barrels per day.
• The pipeline will be the largest of its kind in Colombia and developed in four phases.
• Phase 1 of the project - Araguaney to Banadia
• Phase 2 of the project - Banadía to Ayacucho
• Phase 3 of the project - Ayacucho to Coveñas

+++ Pipeline Status

• Under construction

+++ History

• 2010 - Shareholders agreement was signed
• 2012 - The partners announced a US$1.2 billion debt facility for phase 1
• 2012 - Ecopetrol transferred its pipelines stakes to a new company Cenit 

+++ Other Information

• -

+++ Links

• Pipeline Page, Canacol
• The Oleoducto Bicentenario Pipeline has Partners
• ECOPETROL, Pacific Rubiales And Petrominerales Announce Closing Of COP$ 2.1 Billion Debt Facility For The Araguaney To Banadia Pipeline (Oleoducto Bicentenario Phase 1)
• Ecopetrol creates a subsidiary specialized in hydrocarbon transport and logistics