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INEOS buying Forties pipeline?

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dspp
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Re: INEOS buying Forties pipeline?

#39244

Postby dspp » March 17th, 2017, 10:14 am

Imagine being responsible for technical integrity of that asset in these circumstances ....
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CommissarJones
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Re: INEOS buying Forties pipeline?

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Postby CommissarJones » March 20th, 2017, 4:21 pm

The Mail puts a price tag on the sale: £200 million.

http://www.dailymail.co.uk/money/market ... eline.html
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Re: INEOS buying Forties pipeline?

#43232

Postby CommissarJones » April 3rd, 2017, 9:59 am

It's official, here's the RNS statement.

http://www.investegate.co.uk/bp-plc--bp ... 21493077B/

Ineos is paying $125 million in cash plus as much as a further $125 million via an earn-out.
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PeterGray
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Re: INEOS buying Forties pipeline?

#43241

Postby PeterGray » April 3rd, 2017, 11:00 am

INEOS are taking on decommissioning liabilities. I did wonder if the deal might exclude those. Clearly INEOS see some real value here, as I don't imagine those are going to be trivial.

Peter
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