Pacific Rubiales Energy Corp., through its unit Pacific Stratus Energy Colombia Corp., has signed a natural gas/LNG liquefaction, regasification, storage, and loading services agreement with Belgium-based Exmar NV, the company reported.
Exmar will build, operate, and maintain a floating liquefaction regasification and storage vessel off Colombia’s Caribbean coast. The agreement grants Pacific Stratus exclusive rights to supply and liquefy up to 500,000 tonnes/year of LNG over 15 years, under a tolling structure, said the announcement.
The FLRSU will be able to store up to 14,000 cu m of LNG and to accommodate a 140,000 cu m LNG floating storage vessel. Commercial operations of the FLRSU will start in fourth-quarter 2014.
As part of the project, Pacific Stratus will build an 88-km, 18-in. OD pipeline from its producing La Creciente field (OGJ Online, Apr. 5, 2011) to the Caribbean coast with an initial design transportation capacity of 100 MMcfd. Gas for the project will be from La Creciente field.
Pacific Rubiales Energy is Canadian-based and produces natural gas and heavy crude oil. It owns Meta Petroleum Corp., a Colombian oil company that operates Rubiales and Piriri oil fields in the Llanos basin in association with Ecopetrol SA. It also has 100% working interest in La Creciente natural gas field in the Sucre department in northern Colombia.