Barring a surprise victory for the conservation groups, the Oleoducto de Crudos Pesados (OCP) pipeline will be concluded in the first quarter of 2003, offering capacity for 450,000 barrels per day of 18-degree API crude.
Ship-or-pay commitments of 390,000 bpd mean Ecuador's current output should be rapidly doubled. The rest will be open access, with preferential government rights and a $1.50
