Wednesday, May 6, 2009

Natural Gas Find in Spain

By Carlos Manuel Rodriguez

May 5 (Bloomberg) -- Ecopetrol SA said it signed an agreement to build a natural-gas plant at the Gibraltar Field after drilling results determined the area has the potential for production.

Union Temporal Gas Gibraltar will design, build and operate the facility in the northeastern part of the South American country, Ecopetrol said today in a statement.

The treatment plant will have a capacity to process 30 million cubic feet per day and should start operating “by the end of this year,” said Ecopetrol, Colombia’s state- controlled oil company.

A well named Gibraltar 3 had natural-gas production between 28 million cubic feet a day and 30 million, the company said. Combined with earlier tests on two additional wells, it guarantees gas volumes of 30 million cubic feet a day projected previously by Ecopetrol.

TransOriente E.S.P. will build a gas pipeline to send the fuel from the Gibraltar Field to the national-gas transport system at Bucaramanga. Gas Natural E.S.P. will sell the fuel.

Ecopetrol didn’t say how much the contracts for construction of the gas plant and pipeline system were worth.

To contact the reporter on this story: Carlos M. Rodriguez in Mexico City at

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