Ecopetrol Chief Financial Officer Adriana Echeverri has said at an event at the New York Stock Exchange that Pacific Rubiales Energy Corporation and Petrominerales Ltd are among companies interested in the project.
The project will be constructed in three stages. The first stage includes the laying of pipe from Araguaney to Banadia as well as infrastructure upgrades at the port of Coveñas.
Stage 2 of the project will see pipe laid from Banadía to Ayacuch, while the final stage will see construction of the Ayacucho to Coveñas. The entire project is estimated to cost $US4.2 billion.
The pipeline is expected to be operational by 2012.