Mansarovar

What Mansarovar does

Mansarovar Energy is a privately held Colombian oil and gas operator specializing in the exploration, development, production, and transportation of ultra-heavy crude oil (11–14° API, viscosity 800–15,000 cP) in the Magdalena Medio basin. The company operates Campo Velásquez in Puerto Boyacá, Boyacá, as its primary producing asset, and owns the 187.2 km Oleoducto Velásquez–Galán pipeline connecting the field to a 250,000-barrel storage terminal that delivers crude into Ecopetrol's Barrancabermeja refinery, with contracted firm capacity of 13,500 barrels per day on the CENIT-operated Galán–Ayacucho–Coveñas export system serving the Coveñas port terminal for international sales. Founded in 2006 as an equal joint venture between Sinopec (China) and ONGC Videsh (India), the company integrates thermal enhanced oil recovery technologies (cyclic steam injection, cementing gel, foam injection, nitrogen co-injection, pulse tubing) with 2D/3D seismic interpretation, static and dynamic reservoir modeling, and a proprietary strategic environmental management platform.

The company's product portfolio spans reservoir exploration and characterization services, four specialized thermal EOR technologies adapted for ultra-heavy Colombian crude, production support services (steam generation and distribution, well testing, artificial lift optimization), and midstream commercialization including diluent procurement and pipeline transport. Revenue is generated primarily through the sale of crude oil to Ecopetrol's Barrancabermeja refinery domestically and to international buyers through the Magdalena Blend at Coveñas, supplemented by customized operator service packages offered to other exploration and production companies and potential third-party pipeline transportation. Sales processes for non-specialized procurement use open tendering on the Suplos and Intelcost platforms with regional supplier preference. The company reports zero lost-time injury frequency in 2023, zero financial debt, and operates with 501–1,000 employees across its Bogotá headquarters, Puerto Boyacá operations base, community engagement center, and Barrancabermeja terminal.

The company holds multiple ISO certifications (9001, 14001, 14064, 39001, 45001), the GTC-ISO 20400 sustainable procurement certification (first in Colombia's oil and gas sector), and Colciencias-recognized I+D+I Unit status (the first in the sector, 2017). Social investment of 1,200 million COP in 2023 reached 62,839 beneficiaries through programs including Agroemprende Cacao (400+ families, 1,400 tons commercialized). The Association Nare fields were delivered back to Ecopetrol in November 2021, concentrating current operations around Campo Velásquez while the company continues to pursue growth through ANH exploratory block bidding and additional operator service contracts.

Name

Mansarovar

Legal name

Mansarovar Energy Colombia Ltd.

Website

https://mansarovar.com.co

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mansarovar Energy is a Colombian oil and gas operator extracting ultra-heavy crude (11–14° API) via thermal enhanced oil recovery. Founded in 2006 as a Sinopec–ONGC Videsh joint venture, it operates Campo Velásquez, serving Ecopetrol's Barrancabermeja refinery and international crude markets.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas (Heavy Crude Production)

NAICS

Crude Petroleum Extraction (21112), Crude Petroleum Extraction (211120), Oil and Gas Extraction (211), Pipeline Transportation of Crude Oil (4861), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Pipe Lines (No Natural Gas) (4610), Oil & Gas Field Services, Nec (1389), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro industry

PRIMARYEUALAAAF

Production Operations & Well Optimization (Artificial Lift, Flow Assurance)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)

Keywords

• Heavy crude oil extraction
• Thermal enhanced oil recovery
• Upstream oil and gas operations
• Pipeline transportation services
• Oilfield operator services

Headquarters

HQ city

Usaquén

HQ country

Colombia

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Crude Oil Production and Sale: Mansarovar Energy produces heavy crude oil from the Magdalena Medio basin using thermal EOR methods. Produced crude is sold to Ecopetrol's Barrancabermeja refinery domestically and to international markets through the Coveñas port as part of the Magdalena Blend crude mixture. The company also purchases and transports diluent (nafta) to adjust crude viscosity and API gravity for pipeline transport.
2. Oilfield Operator Services: As an operator, Mansarovar Energy provides a customized package of services to exploration and production companies, including field management, drilling, production operations, and transportation services through its owned infrastructure.
3. Pipeline Transportation Services: The company operates the Oleoducto Velásquez–Galán (187.2 km pipeline) and has contracted capacity on the Oleoducto Galán–Ayacucho–Coveñas (13,500 barrels/day firm capacity) for transporting owned and potentially third-party crude. The pipeline system also receives and processes nafta/diluent from various points in the country.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Mansarovar Energy explores, develops, produces, and transports heavy crude oil (11–14° API gravity, 800–15,000 cP viscosity) from the Magdalena Medio basin in Colombia, using thermal enhanced oil recovery methods primarily based on cyclic steam injection supplemented by cementing gel, foam, and nitrogen injection. The company operates the Campo Velásquez producing field and owns the 187.2 km Oleoducto Velásquez-Galán pipeline that delivers crude to Ecopetrol's Barrancabermeja refinery and onward to the Coveñas export terminal. It also acts as an operator offering customized service packages to other exploration and production companies.

Product overview

Mansarovar Energy is an oil exploration and production company specializing in heavy crude oil extraction in Colombia's Magdalena Medio basin. The company operates a vertically integrated portfolio centered on Campo Velásquez producing field and the 187.2-kilometer Oleoducto Velásquez-Galán pipeline. The product portfolio encompasses upstream exploration and reservoir characterization services, enhanced oil recovery technologies (cyclic steam injection, foam injection, cementing gel injection, nitrogen injection, and pulse tubing), midstream transportation infrastructure, and crude oil commercialization. The integrated value chain spans exploration, development, production, transportation, and commercialization with a combined evacuation capacity of 82,000 barrels per day. The company serves as operator for its own assets and offers customized service packages to other exploration and production companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Campo Velásquez (Heavy Crude Oil Production) Producing heavy crude oil field located in vereda Calderón of Puerto Boyacá municipality, Boyacá department, Colombia. Uses cyclic steam injection for enhanced oil recovery of heavy crude (11–14° API, viscosity 800–15,000 cP) in the Magdalena Medio basin. Sold to Ecopetrol's Barrancabermeja refinery and exported internationally via Coveñas port.
• Oleoducto Velásquez-Galán (Crude Oil Pipeline Transportation) Owned 187.2-kilometer steel pipeline connecting Campo Velásquez to Ecopetrol's Barrancabermeja refinery. Consists of 14-inch (87%) and 12-inch (23%) diameter sections with five pumping stations, plus storage facilities for crude, diluent, and naphtha. Provides dedicated evacuation capacity.
• Crude Oil Transportation and Commercialization Services Transportation of fiscalized crude within quality and quantity specifications, viscosity and API gravity adjustment to standard pipeline transport conditions, and delivery to final customers. Markets crude in both national and international markets including the Caribbean and Gulf Coast via the Galán-Ayacucho-Coveñas pipeline under 13,500 barrels/day firm contracted capacity (since 2013).
• Oilfield Operator Services for E&P Companies

Quantifiable outcome

• Reduced annual production decline from 15% to 9.6% in Campo Jazmín through cementing gel injection technology application since 2012.
• +7 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Ecopetrol (Grupo Ecopetrol)coreStrategic or Co-development PartnerEcopetrol is Colombia's majority state-owned oil company and the primary offtaker for Mansarovar's crude production. Mansarovar operates fields under the Asociación Nare contract (Campos Abarco, Moriche, Jazmín, Girasol, Nare Sur, Under River) for Ecopetrol, with handover planned for November 4, 2021. Mansarovar's pipeline delivers crude to Ecopetrol's Barrancabermeja refinery which processes a significant portion of Colombia's fuel demand.
• ACP – Asociación Colombiana de Petróleo y GasminorOthersMansarovar Energy is an active member of the Colombian Oil and Gas Association (ACP), participating in industry advocacy and standard-setting.
• EITI Colombia (Extractive Industries Transparency Initiative)minorOthersMansarovar Energy participates in the EITI Colombia initiative, supporting transparency in extractive industry payments and revenues.
• ACIPET – Asociación Colombiana de Ingenieros de PetróleosminorOthersMansarovar Energy maintains membership in ACIPET, the Colombian association of petroleum engineers.
• Society of Petroleum Engineers (SPE)minorOthersMansarovar Energy is a member of the Society of Petroleum Engineers, engaging with global technical standards and professional development in the upstream oil and gas sector.
• Consejo Colombiano de Seguridad (CCS)minorOthersMansarovar Energy is a member of the Colombian Safety Council, which conferred the 'Cruz Esmeralda' recognition for outstanding HSE performance.
• UN Global CompactminorOthersMansarovar Energy is a signatory to the UN Global Compact and adheres to its 10 principles on human rights, labor, environment, and anti-corruption, aligned with its ISO 26000-based social responsibility framework.

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCP2i3HbgwiuciC75S1Bjc2A
• LinkedInlinkedin.com/company/mansarovar
• Xx.com/MansarovarECL

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mansarovar