HOUSTON, July 13, 2010 – Mustang, a Wood Group company, was awarded a contract by Ecopetrol (BVC: ECOPETROL, NYSE:EC, BVL: EC), Colombia’s national oil company, to perform conceptual engineering and technology evaluations to optimize the production of polymers at Ecopetrol’s grassroots integrated petrochemical complex in Colombia.
The study is part of Ecopetrol’s Petrochemical Master Plan. The study will look at ways to achieve maximum revenue from the production of polyethylene, polypropylene and aromatics products from ethane, LPG and naphtha feeds from the Barrancabermeja and Cartagena refineries and the Cusiana gas fields. Location options for the new facility include Ecopetrol’s Cusiana or Cartagena sites.
“We are very proud to have been awarded the conceptual engineering and technology evaluation study for this grassroots petrochemical complex in Colombia,” said Chick Houseman, president of Mustang’s process plants business unit. “Mustang brings extensive process engineering and project management experience to this important project, which is key to meeting Ecopetrol’s petrochemical production goals.”
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Mustang provides services to the global oil, gas, chemical and manufacturing industries, specializing in design, engineering, procurement, project management and construction management and offers these services through its five business units: upstream oil and gas, midstream, pipeline, automation and control, refining and petrochemicals, and process & industrial. Mustang’s ECO SolutionsTM group provides environmentally-oriented engineering and construction services to the LNG, carbon management, renewable fuels and power, and water resources markets. Mustang, a Wood Group company, has offices in the United States, United Kingdom, Australia, India, and the Middle East. For more information, visit www.mustangeng.com.
Wood Group (John Wood Group PLC) is an international energy services company with $5.0 bn sales, employing more than 28,000 people worldwide and operating in 50 countries. The Group has three businesses—Engineering & Production Facilities, Well Support, and Gas Turbine Services—providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.
Ecopetrol is Colombia's largest integrated oil company and is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol has the principal refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.
For further information contact:
Dena Lee, Manager, Marketing Communications, Mustang
Tel: +1 713 215 8315, email: dena.lee@mustangeng.com