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BP sells its interest in the CATS pipeline & infrastructure to Antin Infrastructure Partners

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Report summary

Antin Infrastructure Partners agreed to acquire BP's operated interest in CATS for US$486 million. This follows the private equity firm's acquisition of BG's 62.78% equity in June 2014, bringing its total interest in CATS to 99%. The Culzean and Jackdaw pre-FID projects are expected to contribute about 50% of its throughput by 2023. The CATS valuation is not directly dependent on the oil price. CATs has strong future cash flow potential, provided the pre-FID projects are sanctioned.

What's included

This report contains

  • Document

    BP sells its interest in the CATS pipeline & infrastructure to Antin Infrastructure Partners

    PDF 544.64 KB

Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • CATS Throughput and Utilisation
  • CATS Infrastructure and Users

Tables

  • Executive summary: Table 1
  • Oil & gas pricing and assumptions: Table 1

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