Ancala Midstream Acquires North Sea Pipelines

Ancala Midstream Acquisitions Limited has acquired Apache Corporation’s interests in the Scottish Area Gas Evacuation (SAGE) System and the Beryl Gas Pipeline for an undisclosed sum.

The SAGE System consists of s a 323-kilometer, 30-inch bore pipeline and a gas processing terminal located at St Fergus, 65 kilometers north of Aberdeen, Scotland. The system transports and processes gas from nine fields, including the Beryl Field and its satellites.

“Ancala Midstream is delighted to have closed this important investment in two major pieces of North Sea infrastructure,” Jim Halliday, Chief Executive, Ancala Midstream, said. “It is critical for the commercial future of the North Sea that complex transactions of this type can be successfully concluded.  The injection of significant new capital is also essential for the future of the basin.”

In related news, Ancala Midstream has awarded a contract to Wood to manage day-to-day operations on the SAGE system and Beryl Pipeline.

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