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Seychelles: WHL Energy reports seismic review confirms large scale Seychelles Prospective Resources potentialWHL Energy has provided an update to the Prospective Resources in its Seychelles acreage following interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey. Detailed interpretation of the Junon PreSTM 3D data by WHL Energy has firmed up key prospects in the Junon area. ... more ...
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UK: BP to sell stake in major North Sea gas pipeline
Oil major BP has put up for sale its stake in one of Europe's biggest natural gas pipelines in the North Sea as part of its ongoing asset disposal programme. BP holds a 36 percent interest in the 404-km subsea Central Area Transmission System (CATS) that runs through the central sector of the British North Sea. The pipeline pumps up to 1.7 billion cubic feet of gas a day from UK North Sea fields.
'In December, BP announced the intent to sell our equity in the CATS business,' the company said in a regulatory filing on Tuesday.
Last June, British peer BG Group announced the sale of its 62.78 percent interest in the CATS pipeline for nearly $1 billion to the Antin Infrastructure Partners fund. The pipeline has a transportation capacity of 293,000 barrels of oil equivalent per day (boed) to a natural gas terminal at Teesside in northeast England. Average throughput in 2014 was 134,000 boed.
BP has agreed the sale of around $5 billion of assets as part of a $10 billion disposal programme in 2014 and 2015.
Source: Reuters via Yahoo! Finance
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