Antin set to succeed BP as operator of UK North Sea CATS trunkline

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.


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