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Termo Projects – PaaS solutions in rural Colombia – SoEnergy

Crude oil in Colombia was very heavy and needed to be pumped out through a water pumping system that demanded a vast amount of power. SoEnergy provided a CapEx-free solution for this greenfield power construction on a BOMT (Build, Operate, Maintain and Transfer) contract that was risk-free to the customer.

CLIENT
Termo Projects - Rubiales, Llanos, Petróleo, Proyectos, Servicios & EBR
LOCATION
Meta, Colombia
APPLICATION
Oil & Gas
FUEL TYPE
Crude Oil
CAPACITY
165,7 MW

Challenges

Crude oil in Colombia was very heavy and needed to be pumped out through a water pumping system that demanded a vast amount of power. The ratio between water and crude was very high—more than 95%—and required 1MW of power per 1,000 barrels of oil production. The project's remote location also posed a challenge, as it is not connected to the national grid. The customer needed a power generation solution that supported target crude production of 200,00 barrels per day. Because oil prices were high at the time, this solution had to be delivered quickly.

SoEnergy Solution

SoEnergy provided a CapEx-free solution for this greenfield power construction and operation project. We structured a BOMT (Build, Operate, Maintain and Transfer) contract that was risk-free to the customer. Our engineers delivered quality, reliable power that enabled the customer to reach its targeted levels of production. SoEnergy converted the BOMT to an operation and maintenance contract once the power solution was up and running. Along the way, our engineers solved key logistical challenges such as transport, permitting and the handling of communities in rural areas—all while keeping this fast-tracked project on schedule. SoEnergy also spearheaded the project’s financing through IFC. Our solution complied with the complex requirements of both environmental policy and the surrounding rural communities.

Results

SoEnergy delivered a reliable power generation solution exceeding 160MW, allowing the customer to reach its overall objective of 200,000 B/D production. Thanks to our Power as a Service model, our customer was able to dedicate 100% of its budget to oil and gas production without having to navigate technical, logistical or financing challenges.