News sources have reported that Ecopetrol has restarted Columbia’s second largest oil pipeline, the 485 mile (780 km) Cano-Limon Covenas. This comes after a series of an estimated 30 bomb attacks forced the company to halt the transportation of crude oil through the pipeline for seven weeks, as of 15 February.
Last month, Ecopetrol claimed that the pipeline attacks have led to a reduction of 893 000 bbls of oil production so far this year. Meanwhile, Reuters has reported that military sources have attributed the attacks to the National Liberation Army (ELN) rebels.
With the pipeline reopening, production at the Cano Limon and Caricare fields is also expected to resume soon. US-based Occidental Petroleum Corp, the company that operates the fields, suspended output from the field in early March due to the attacks. In normal operating conditions, the fields produce approximately 52 000 bpd, and the pipeline has a capacity of up to 210 000 bpd.
As cited by Nasdaq and Rigzone, Reuters reported: “The ELN has about 2000 combatants and opposes the presence of multinational companies in the mining and oil sector, saying they seize natural resources without leaving benefits to the country’s population or economy.”
The Cano-Limon Covenas pipeline came online in 1986. According to Ecopetrol, attacks against the pipeline have left 751 victims, of which 167 were killed, over the last 17 years. Moreover, since it opened, the pipeline has been out of service about 10.4 years, or 30 percent of its life, according to Reuters.
Read the article online at: https://www.worldpipelines.com/equipment-and-safety/06042017/cano-limon-pipeline-restarted-by-ecopetrol/