Deal Insight

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

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

01 May 2015

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

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.

Table of contents

Tables and charts

This report includes 4 images and tables including:

  • Executive summary: Table 1
  • CATS Throughput and Utilisation
  • Oil & gas pricing and assumptions: Table 1
  • CATS Infrastructure and Users

What's included

This report contains:

  • Document

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

    PDF 544.64 KB