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Total divests gas transportation assets in the UK for €800m

The oil and gas company Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (€800m).

The 362 km Frigg UK Pipeline (FUKA) connects the Frigg Field on the UK/Norway median line to the St. Fergus Gas Terminal in Scotland (UK). 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. The St. Fergus Gas Terminal is a three-train processing plant with a capacity of 2,648 mcf/d (27.3 bcm/y), currently serving over 20 fields. Total holds a 100% operated interest in both assets.

The Shetland Island Regional Gas Export System (SIRGE) is a 234 km gas pipeline with a capacity of 665 mcf/d (6.8 bcm) connecting the Shetland Gas Plant to the FUKA pipeline. Total holds a 67% operated interest in the SIRGE pipeline alongside Dong E&P UK (18.3%), Chevron North Sea Limited (7.2%) and OMV UK (7.5%).