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HitecVision announces sale of CapeOmega
23 Apr 2019
HitecVision has announced the sale of its portfolio company CapeOmega, a Norwegian oil & gas and midstream infrastructure company, to Partners Group, a global private markets investment manager, in a transaction that values CapeOmega at about EUR 1.2 billion.
Formed in 2015, CapeOmega holds significant stakes in some of Norway's key midstream infrastructure: Gassled, the world’s largest offshore gas transmission system, covering about 25% of Europe’s gas demand; Nyhamna, one of three key gas processing plants in Norway; and Polarled, a 480 km pipeline that runs from the Aasta Hansteen field to Nyhamna. CapeOmega also holds stakes in three late-life oil fields: Brynhild, Enoch and Oselvar.