Shearman & Sterling steers Ocensa notes issuance

Shearman & Sterling has acted as counsel to Colombian crude oil transportation company Oleoducto Central (Ocensa) in connection with a public offering of $500 million aggregate principal amount of its 4.000 per cent notes due 2027.

BofA Securities and Citigroup Global Markets acted as underwriters.

This was Ocensa’s first international offering in six years.

Ocensa is a crude oil transportation company that owns and operates the Ocensa Pipeline, the largest crude oil pipeline in Colombia, covering 836km on land and 12km underwater.

Ocensa is a majority-owned subsidiary of Ecopetrol (through its subsidiary Cenit Transporte y Logística de Hidrocarburos S.A.S.), the Colombian national oil and gas company and Colombia’s largest producer of crude oil and gas.

Shearman & Sterling’s team comprised partners Grissel Mercado (pictured), Antonia E. Stolper, María Marulanda Larsen and Michael L. Pérez.