Share Name Share Symbol Market Type Share ISIN Share Description
British Petroleum LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40p -0.09% 456.35p 456.75p 456.85p 457.10p 450.45p 453.55p 22,844,795 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 148,202.6 -1,858.5 0.5 948.5 88,865.75

BP in Talks with Ineos to Sell Forties Pipeline System in UK North Sea

17/03/2017 2:14pm

Dow Jones News


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By Ian Walker

 

LONDON--Oil major BP PLC (BP.LN) confirmed Friday it is in talks with Ineos over the potential sale of its Forties pipeline system in the U.K. North sea.

It didn't provide any indication of the price, but said further information will be given as commercial confidentialities allow, and if any deal is agreed.

The Forties pipeline system is a 100% BP-owned integrated oil and gas liquid transportation and processing system, with a capacity of more than one million barrels per day, serving the central area of the North Sea. Oil and gas liquids from over 50 offshore fields and St Fergus in Aberdeenshire, Scotland, flow through pipelines into the system.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

March 17, 2017 09:59 ET (13:59 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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