A new oil pipeline with potential capacity of up to 400,000 bpd linking Colombia’s Llanos basin to the Pacific coast could be operational by the end of 2016, according to Rigzone.
Quoting Leigh Cruess, energy marketing and international vice president from Enbridge, the article notes the company’s plans envision five routes through the Andes to Pacific ports Tumaco or Buenaventura. The 200,000-400,000 bpd pipeline could stretch 800 km. Enbridge is part of a consortium involved in pre-feasibility studies for the pipeline in which participants would hold equity stakes.
The article indicated that Cruess would not comment on project costs, but confirmed investment would run into the billions of U.S. dollars.
A pipeline to the Pacific coast would be attractive to Colombia’s oil industry as it would provide easier access to Asian markets. Cruess reportedly confirmed that Asian companies have expressed interest in financing the project.
In other news, Enbridge Energy Partners L.P. and Enbridge Income Fund Holdings Inc. announced a second open season for the Bakken Expansion Program in conjunction with an open season for EEP’s proposed Sanish Pipeline.
The Sanish Pipeline will transport North Dakota crude oil production from Johnson’s Corner to Beaver Lodge, ND. The Bakken Expansion Program open season will offer pipeline capacity on Enbridge’s system from Beaver Lodge into Enbridge’s terminal at Cromer, Manitoba where it connects with the Enbridge Mainline System, which offers access to refineries throughout the Upper Midwest, eastern Canada, Mid-Continent and as far as the U.S. Gulf Coast.
EEP’s proposed Sanish Pipeline is a 36-mile, 12-inch crude line capable of transporting a minimum 67,000 bpd from Johnson’s Corner into EEP’s existing facilities at Beaver Lodge. The Bakken Expansion Program, under construction by EEP in the U.S. and by Enbridge Income Fund in Canada, will provide 145,000 bpd of incremental pipeline capacity from Beaver Lodge to Cromer when it comes into service early in 2013. At Berthold, EEP is constructing a 80,000-bpd rail export facility which is planned to be in service at the same time.
Information on the Sanish Project is available at http://Bakken.EnbridgeUS.com.