Wood Group Mustang Completed Concept Study on Ecopetrol's Oleoducto
del Pacifico Initiative
HOUSTON, Nov. 13, 2012 /PRNewswire/ -- Wood Group
Mustang recently completed the Phase 1 concept study for
Ecopetrol's Oledocucto del Pacifico initiative. The
initiative is a new Colombian pipeline to transport crude from the
oil-rich Llanos, Caguan & Putumayo basin of eastern
Colombia across the Andes
Mountains to either Tumaco, in Nariño province or Buenaventura, in
Valle del Cauca province, Colombia's two largest Pacific ports. This
pipeline is expected to be more than 1,550 miles (2,500km) long
with multiple pumping stations and storage terminals on the Pacific
coast.
(Logo:
http://photos.prnewswire.com/prnh/20120426/MM95878LOGO)
As Colombian oil & gas production hits historic record
levels, heavy crude makes up roughly 60 per cent of the country's
output. This will be Colombia's
first pipeline to focus on the Pacific region rather than
Caribbean ports and will
substantially increase Colombia's
oil exports to Asian markets, which are experiencing unprecedented
growth in crude demand. The highly specialized and integrated team
created to conduct the study included engineers from Energeticos,
Wood Group Mustang's Bogota-based
engineering business, and sister Wood Group company, J P Kenny, to
deliver the first phase of this initiative in record time and
under-budget.
"Wood Group Mustang is excited to have assisted Ecopetrol with
the first phase of this pipeline initiative. Our full-service
pipeline engineering and field services will provide excellent
support for Ecopetrol in any future phase of the initiative," said
Steve Knowles, president of
Mustang.
Wood Group Mustang has completed numerous pipeline projects
focused on improving integrity, safety and increasing crude
production for Ecopetrol and has also provided conceptual
engineering services for its downstream petrochemical
operations.
Wood Group Mustang, which comprises Mustang, Alliance
Engineering, IMV Projects and Energéticos, is a global project
management, engineering, procurement, and construction operations
business serving the upstream oil & gas, refining &
chemicals, pipeline, automation & control, and industrial
markets. It has offices in the
United States, Latin
America, Canada,
United Kingdom, India, Malaysia, West
Africa and the Middle East. For more information,
visit www.mustangeng.com.
Energéticos, part of the Wood Group Mustang family of
companies, is a Colombian engineering company with more than 35
years of experience on oil & gas, petrochemical and industrial
projects. Energéticos, with almost 900 employees, has over 420
engineering specialists in various disciplines providing
high-quality engineering services for clients across Latin America.
Wood Group is an international energy services company
with $6.bn sales, employing more than
41,000 people worldwide and operating in 50 countries. The Group
has three businesses – Engineering, Wood Group PSN and Wood Group
GTS - providing a range of engineering, production support,
maintenance management and industrial gas turbine overhaul and
repair services to the oil & gas and power generation
industries worldwide. www.woodgroup.com
Ecopetrol is the principal petroleum company in
Colombia, as well as its largest
corporation. The company has at least 50 percent ownership in all
oil producing fields in Colombia
as well as two refineries, ports for fuel exports on both Atlantic
and Pacific coasts and a transportation network of more than 8,000
km of pipelines and polyducts throughout Colombia.
SOURCE Wood Group Mustang