ODL PIPELINE 35% ownership, through ownership of 100% interest in PIL
The ODL pipeline is a 260-kilometer, 24-inch pipeline located in the Meta and Casanare Departments in Colombia. ODL has a capacity of 300,000 bbl/d at 15.1 API and transports production from Frontera’s Quifa SW, Cajua and CPE-6 fields, as well as other third-party production from the Llanos basin.
It connects the OCENSA pipeline at Cusiana and Monterrey to the export terminal in Coveñas. Ecopetrol’s Cenit Transporte y Logística de Hidrocarburos S.A.S. owns the remaining 65% of ODL.
30% of Colombia’s production is transported throught ODL
70% of Colombia’s 1P Oil Reserves located in ODL service area
$1.3Bn in shareholders distributions since inception (2009)
In 2024, ODL declared $157.0 million in dividends ($54.9 million net to Frontera), and a return of capital of $22.6 million ($7.9 million net to Frontera), payable in installments during the year.
ODL
Corporate Website