Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (57712)	1/1/2000 12:21:00 PM
From: Razorbak	of 95453

Boom 2K: "Colombian Rebels Stage New Year Pipeline Bombing" Saturday January 1, 10:01 am Eastern Time Colombian Rebels Stage New Year Pipeline Bombing BOGOTA, Jan 1 (Reuters) - Marxist rebels bombed Colombia's second largest crude export pipeline shortly after midnight on Saturday, forcing a halt to oil pumping operations and bringing in the New Year with a bang, authorities said. The 480-mile (760 km) pipeline was hit 40 miles (65 km) from the Cano Limon oil field, operated by U.S. multinational Occidental Petroleum Corp (NYSE:OXY - news) in northeast Arauca province, a spokesman for state-run oil company Ecopetrol said. The 230,000 barrel per day capacity pipeline, which runs to the Caribbean coast oil terminal at Covenas, was repaired only five days ago after a previous sabotage attack. It was bombed at least 77 times last year, according to Ecopetrol, equaling the previous record for attacks set in 1998. Ecopetrol did not say how much crude was spilled in the latest attack. No details were immediately available on the impact on output at the Cano Limon field, which is currently running at about 130,000 barrels per day. Leftist guerrillas routinely target energy infrastructure in protest at what they see as the excessive involvement of foreign multinationals in Colombia's oil industry.

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