Following today’s announcement about INEOS’ acquisition of the Forties Pipeline System in the North Sea, Clare Munro – Head of Oil and Gas at Brodies LLP – commented:

“This is good news for the UKCS. INEOS is a world class operator of onshore plant, with a track record of improving efficiencies and reducing cost. This deal will see the site at Grangemouth re-united under one ownership, which will allow optimisation of synergies. This deal underscores the MERUK principle – getting the right assets into the right hands – and will be very positive not only for the longevity of FPS but for all those fields who use it.”