Total will sell all of its 100% operated interests in the FUKA and SIRGE gas pipelines and 67% operated interests in St. Fergus Gas Terminal to North Sea Midstream Partners for GBP 585M (around USD 905M).
The Frigg UK Pipeline (FUKA) is a 362-kilometer, 32” gas pipeline constructed in 1977 to connect the Frigg Field on the UK – Norway median line to the St. Fergus Gas Terminal in Scotland. The Frigg Field is now decommissioned, but the FUKA pipeline is still operational, delivering gas from some 20 fields in the Northern North Sea to the terminal at St Fergus.
Photo courtesy of Total
The St. Fergus Gas Terminal is a three-train processing plant with a capacity of 2,648 Mmscf/d, currently serving over 20 fields.
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 is one of the UK’s leading oil and gas operators, with equity production of 89,000 barrels of oil equivalent per day in 2014.
