BP $250MM Spin-Off to INEOS

BP completed its $250MM spin-off to INEOS of the Forties Pipeline System and Kinneil Terminal.

The Forties Pipeline System (FPS) is an integrated oil and gas terminal, transportation and processing system serving the Central North Sea and currently transporting around 500,000 barrels a day.

Kinneil serves up to 50 fields with a 1,000,000 BBL/D capacity or 40% of total UK oil production.

BP Forties

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