I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired an indirect equity interest in Oleoducto Central (OCENSA) from Advent International.
OCENSA operates the largest crude oil pipeline in Colombia with a capacity of 680,000 barrels-per-day and transports roughly 75 percent of the oil produced in the country.
The company began operations in 1998 and is controlled and operated by CENIT Transporte y Logistica de Hidrocarburos (CENIT), a wholly owned midstream-dedicated subsidiary of Ecopetrol.
The 848-kilometer (526-mile) pipeline is mostly underground and originates in the Llanos Basin, Colombia’s most prolific oil producing region, and ends at a wholly owned export terminal in the port of Covenas, the main oil export port in the country.
“I Squared Capital has built a strong franchise across Latin America with more than $1.5 billion invested in the power generation, transmission and midstream sectors,” said Adil Rahmathulla,
