Offshore staff
ABERDEEN, UK – BP has agreed to sell its operating interest in the Central Area Transmission System (CATS) gas trunkline system in the UK North Sea to Antin Infrastructure Partners in a deal valued at $486 million.
The sale will be as a fully operational business, with staff expected to transfer to the new employer.
Subject to the receipt of regulatory and other third-party approvals, BP aims to complete the transaction before the end of this year.
The sale does not impact BP’s rights to capacity in CATS.
04/23/2015
