Ecopetrol is looking for partners to help build its proposed Bicentennial Pipeline – a 1,545- km oil pipeline, which will run from the Casanare to the port of Coveñas, Colombia. Pacific Rubiales Energy Corp. and Petrominerales Ltd. are among those interested in the project.
Plans call for the project to be built in three stages. The first includes the laying of pipe from Araguaney to Banadia as well as infrastructure upgrades at the port of Coveñas. Stage 2 would involve pipeline construction from Banadía to Ayacuch, while the final stage will see construction of the Ayacucho to Coveñas pipeline. The entire project is estimated to cost $US4.2 billion.
The pipeline is expected to be operational by 2012.