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Article: United States : Ecopetrol Will Be the New Operator of OCENSA.
- Article from:
- TendersInfo
- Article date:
- May 22, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
As of 20 May 2009, Ecopetrol S.A. will be responsible for the operation and management of Oleoducto Central S.A. (Ocensa), the main pipeline of Colombia that connects Cusiana and Cupiagua fields in the Eastern Plains region with the port of Covenas on the Caribbean Sea, by means of an operating contract entered into between Ecopetrol and Ocensa, for a 15-year term.
The above decision follows the agreement announced by ECOPETROL in March 2009 to acquire Enbridges share in Ocensa, which increased Ecopetrols holding from 35.5% to 60%.
Since its start-up in March 1995, Ocensas operation was managed by Enbridge Inc., through its ...