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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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.

What's included

This report contains

  • Document

    Total sells its pipeline interests (FUKA and SIRGE) and St. Fergus Terminal to North Sea Midstream Partners for US$905 million

    PDF 603.49 KB

Table of contents

  • Executive summary
  • Transaction details
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 4 images and tables including:

Images

  • SIRGE Utilisation and user fields
  • Frigg UK and SIRGE pipelines

Tables

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

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