Skanska wins $51MM Ecopetrol oil and gas contract in Colombia

Source:Skanska AB

Skanska has been awarded a contract to operate and maintain oil fields in the department of Casanare, Colombia. The contract is a joint venture with a local company. The total amount of the contract is $ 70 million (about SEK 455 million) of which Skanska’s share is 73 percent, amounting to a total of $51 million (about SEK 331 million).

The customer is Ecopetrol S.A.(NYSE:EC), the biggest company in the country and the main oil and gas company in Colombia. The order will be included in order bookings Skanska Latin America for the first quarter 2013.

Skanska will be responsible for the operation and maintenance of 22 oil wells, two water injection wells, surface facilities, 80 kilometers of flow lines and gas, oil and water treatment.

Works are scheduled to commence in March 2013 and will be completed in the first quarter of 2017.

Skanska Latin America is one of the region’s leading contractors. Operations focus primarily on engineering, construction, operation and maintenance services for the international oil & gas, energy and mining industries.

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