BOOMT Project: Termo Rubiales

  • Termo Rubiales is a thermal plant with a gross capacity of 64 MW
  • The plant is located in the Rubiales field and its energy is used for the extraction of up to 170,000 barrels per day
  • Project cost: US $68.5 million (71% senior debt, 9% C Loan from IFC, 20% equity)
  • Off-taker: Meta Petroleum Ltda.
  • Revenues indexed to US$, Col Peso, Euro, Lube Oil, and inflation
  • Phase I Operation in August 2009, Phase II May 2010