Geoingeniería has signed two Master Service Agreements (MSA) valued at $26.5 Million USD with ECOPETROL, the leading oil company in Colombia, one of the 40 largest oil companies in the world and one of the four largest in Latin America.
The first MSA contract, valued at $19.5 Million USD, is for consulting services related to the preparation and oversight of environmental studies for ECOPETROL and its business group in the eastern region of Colombia. This contract represents the highest value contract awarded to GEOINGENIERÍA in its history and includes the development of over sixty environmental studies over the next three years. A GEOINGENIERÍA team of over one hundred professionals from multiple disciplines will be dedicated to the development and management of these projects.
The second MSA contract, valued at $7 Million USD, involves the provision of consulting services to support social management and stakeholder engagement for ECOPETROL projects. This contract encompasses the development of project social components including social investment and viability planning, compliance with social management plans and permitting processes for ECOPETROL. A GEOINGENIERÍA team of over sixty professionals from social disciplines will be dedicated to these projects.
GEOINGENIERÍA is proud to support ECOPETROL in their continued growth in Colombia's oil and gas sector. With these MSA's, GEOINGENIERÍA strengthens itself as a trusted and valued strategic partner to ECOPETROL for Health, Safety, Environment and Sustainability services.
For more information about this press release, its content, or for a copy, please contact Liliana Cruz or visit www.geoingenieria.com.
About Ecopetrol S.A.
Ecopetrol is Colombia´s largest integrated oil and gas company, where it accounts for 60% of total production. It is one of the top 50 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business.
For further information, please visit www.ecopetrol.com.
About Geoingeniería S.A.S.
Geoingeniería is the leading environmental consulting company in Colombia and provides a full range of environmental, civil and environmental engineering, health, safety, and social consultancy services to petroleum and mining companies. Since its founding 22 years ago, GeoIngeniería has successfully completed projects in Colombia, Peru, Venezuela, and Dominican Republic. Headquartered in Bogota, Colombia, GeoIngeniería has a highly qualified multidisciplinary team of over 400 professionals whose primary focus is conducting environmental impact studies and providing civil and geotechnical engineering services to the Oil & Gas Industry.
GeoIngeniería is a Member of Antea™Group, an international engineering and environmental consulting firm specializing in full-service solutions in the fields of environment, infrastructure, urban planning and water. Antea™Group is a wholly-owned subsidiary of Oranjewoud N.V.; Oranjewoud N.V. is listed on the official Euronext N.V. Amsterdam market (ORANW).