North Sea Midstream Partners £585 million acquisition of Total North Sea assets

Overview:

• North Sea Midstream Partners has acquired £585 million of North Sea midstream assets from Total.
• As part of the deal Total will sell its interest in the Frigg UK Pipeline (FUKA) and Shetland Island Regional Gas Export System (SIRGE) gas pipelines and the St. Fergus Gas Terminal.
• FUKA is a 362 km, pipeline delivering gas from some 20 fields in the Northern North Sea to the terminal at St. Fergus.
• The St. Fergus Gas Terminal is a three-train processing plant with a capacity of 2,648 million cubic feet of gas per day (Mmscf/d), currently serving over 20 fields.
• SIRGE is a 234 km pipeline with a capacity of 665 Mmscf/d connecting the Shetland Gas Plant to the FUKA pipeline. 

Sam Duke - Editor