News
04 April 2017

INEOS to acquire BP's Forties Pipeline System

Region:
Europe

The FPS business will change hands for a $125 million cash payment and an earn-out arrangement over seven years of up to £125 million. The pipeline system has a 575,000 barrel-a-day capacity serving around 40 companies.  BP sold its Forties interest in 2003.

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Interview
11 November 2025

Pertamina’s Bagus talks strategic finance

Andy Bagus, senior vice-president treasury and strategic finance, at Indonesia’s national oil company Pertamina discusses project and export finance strategy amid a volatile...

Perspective
21 November 2025

Is Protos CCS the model for the UK waste sector?

Government support has led to real progress in financing carbon capture assets. But the generous support that makes deals bankable makes the sector vulnerable to political...