Technip-Coflexip wins a basic design/PMC contract for a refinery project in Colombia

abarrelfullabarrelfull wrote on 11 Mar 2013 19:29

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January 16, 2003

Empresa Colombiana de Petroleos (Ecopetrol) has awarded Technip-Coflexip (NYSE: TKP and Euronext: 13170) the contract for the execution of the basic design and the project management for the master plan of the Cartagena Refinery Development project.

Technip-Coflexip’s basic design and PMC contract, on a rates basis, amounts to approximately 19 million euros and will last 48 months.

The contract will be carried out by Technip-Coflexip’s engineering centers in Rome and in Bogota.

The overall development project, worth about US $630 million, aims at increasing refinery capacity from 75,000 to 140,000 BPSD and at achieving the highest international standards of refinery products and environmental levels.

This contract is the crowning of the fruitful 27 years’ continuous collaboration between Technip-Coflexip and Ecopetrol, the state-owned petroleum company. Other major projects include the Barrancabermeja refinery expansion for the bottom of the barrel upgrading, the Cartagena refinery revamping and the 35,000 BPSD FCC plant at Barrancabermeja.

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