Deal Insight
Total sells its pipeline interests (FUKA and SIRGE) and St. Fergus Terminal to North Sea Midstream Partners for US$905 million
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
North Sea Midstream Partners (NSMP) expanded its midstream position in the UK via the acquisition of an operated interest in the Frigg UK pipeline (FUKA), the Shetland Island Regional Gas Export (SIRGE) pipeline and the St. Fergus Terminal for US$905 million. SIRGE will be the first gas pipeline directly connecting the West of Shetland to the UK mainland facilitating the development of several key projects. The new-build system is expected to be operational by year end.
Table of contents
- Executive summary
-
Transaction details
- Assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- SIRGE Utilisation and user fields
- Oil & gas pricing and assumptions: Table 1
- Frigg UK and SIRGE pipelines
What's included
This report contains:
