PROJECT

Projects

Summary of Investment Information

Project Number

34553

Company Name

PIPELINE INVESTMENT LIMITED

Date SPI Disclosed

Apr 25, 2014

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jun 26, 2014

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jan 26, 2024

Department

Regional Industry INF LAC & EUR

Industry

Metals and Mining

Previous Events

Approved : Oct 28, 2014
Signed : Dec 17, 2014
Invested : Dec 26, 2014

Sector

Oilfield Services

Project Description

Pacific Midstream Holding Corp (“PM” or the “Company”) is a new vehicle created by Pacific Rubiales Energy (“PRE”) to hold its interests in hydrocarbons and electricity transport infrastructure assets, and expand PRE´s oil & gas infrastructure business.

The table below includes the Company’s assets and projects:

AssetTypeLength (km)StatusOwnershipOperator
Oleoducto de los Llanos Orientales S.A (ODL)Oil pipeline260Operational35%Ecopetrol
Oleoducto Bicentenario de Colombia S.A.S Oil pipeline230Operational41.53%Ecopetrol
Petroelectrica de los Llanos S.A.(PEL)Electricity transmission260Operational  100%PEL 
La Creciente ToluGas Pipeline88RoW acquisition /final Design100%PM


PM has invited IFC to invest in a $350-400 million private equity placement (the “Offering”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation