Bicentennial Oil Pipeline (proposed)

The Bicentennial Pipeline (Bicentenario or OBC)is a project due for completion in December 2012.

=Route=

On completion the pipeline will be the largest of its kind in Colombia. It will run from the Casanare department in the centre-east of the country, to the Covenas Terminal on the Caribbean coast, in order to facilitate oil exports from fields in the oil-rich Llanos region.

=Capacity=

The pipeline will have a diameter of 36-42 inches and will have a capacity of 450,000 barrels per day (bpd) of crude.

=Ownership=

The pipeline will be owned by a newly-formed joint venture known as 'Oleoducto Bicentenario de Colombia', in which Colombian Ecopetrol holds a 55% share. The remaining shares are held by Pacific Rubiales (32.88%), Petrominerales (9.65%), Hocol (0.96%), C&C Energia, Rancho Hermoso, Canacol Energy Ltd and Vetra Energy (0.5% each).

In total the project is predicted to cost US $4.2 billion and is to be built in three stages:


 * Stage 1: Pipeline laid from Aragueny to Banadia and infrastructure upgrades at the Covenas Terminal.
 * Stage 2: Pipeline laid from Banadia to Ayacucho.
 * Stage 3: Pipeline laid from Ayacucho to Covenas.

=References=