Canada’s Pacific Rubiales Plans Oil Pipeline In Colombia

Canada-based Pacific Rubiales plans to build an oil pipeline in Colombia with an initial capacity of 60,000 bpd.

The 145-mile pipeline will carry crude from fields the company jointly operates with Colombian state oil company Ecopetrol in Rubiales, in the central province of Meta, to a pumping station in Monterrey, a municipality in the eastern province of Casnare.

The $530 million pipeline is part of Pacific Rubiales' $1.6 billion investment plan in Colombia from 2008-2012.

Pacific Rubiales' goal is to transport 100,000 bpd of crude by the end of 2009 and 150,000 bpd by the end of 2010, an amount equivalent to 25% of Colombia's total crude production.