French gas and oil giant Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus gas terminal to North Sea Midstream Partners for £585 million ($905 million).
The Total-operated Frigg UK Pipeline (FUKA) is a 362-kilometer pipeline delivering gas from some 20 fields in the Northern North Sea to the terminal at St Fergus. .
The St. Fergus gas terminal is a three-train processing plant with a capacity of 2,648 million cubic feet of gas per day (Mmscf/d), currently serving over 20 fields. Total holds a 100% operated interest in the terminal.
The Shetland Island Regional Gas Export System (SIRGE) is a 234-kilometer, 30” gas pipeline with a capacity of 665 Mmscf/d connecting the Shetland gas plant to the FUKA pipeline. Total holds a 67% operated interest in the SIRGE pipeline alongside Dong E&P (UK) Limited (18.3%), Chevron North Sea Limited (7.2%) and OMV (UK) Limited (7.5%).
Image: Total