The petroleum sector in Colombia has been a major beneficiary of the improved security situation, relatively sustained economic growth, and a liberalized foreign investment regime. While Colombia’s production had generally been allocated for domestic consumption, production surpassed domestic demand in approximately 2010, with 60% of that production destined for the U.S. Gulf and Asian markets. The production of refined oil products also increased creating new or expanded opportunities for petrochemical production that rely on marine terminal for exports.

Nathan conducted the port master plan and feasibility assessment as well as market assessment and revenue forecasts for a liquid bulk terminal in Colombia. The initial phase of the port master plan and feasibility assessment entailed the analysis of the existing port plan, determination of environmental and permitting requirements, and the review of functional requirements of the project.

The port master plan covered the design of marine cargo handling and support facilities necessary for the harbor development. The engineering team prepared the preliminary design criteria, the detailed cost estimates, program budgets, a detailed construction program, and a comprehensive financial risk analysis.

The market assessment was prepared after reviewing available traffic, trade, and economic data. Our experts refined forecasting and modeling approach based on market segments and prepared detailed forecasts for specific markets identified by the client (grain, bunkering fuels and petroleum). An integrated forecasting model and the preliminary financial projections were developed.