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BP has announced it has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to INEOS.
The Aberdeen-based visual asset management (VAM) specialist Return To Scene Limited, part of James Fisher and Sons plc, is conducting a pilot project for BP utilising the latest generation of its R2S Mosaic technology.
The scope of work includes integrated supply base operations management, logistics control planning and pipe yard operations.
BP today updates the financial community on details of its strategy and, in particular, medium-term plans for the next five years, based on oil prices similar to where they are today.
BP group chief executive Bob Dudley will underline the value of the North Sea in the oil major’s global portfolio when he leads the opening plenary session at SPE Offshore Europe 2017 being held in Aberdeen from 5 - 8 September 2017.
Petrofac is set to build on its provision of maintenance services for BP, following the award of a three-year extension to its existing contract in the North Sea.
EnQuest PLC has announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 million boe of additional net 2P reserves (gross reserves of 63.4 million boe) with net production of 4.2 Mboe/d.
Each agreement has a contractual duration of three years with an option on each to extend for two additional years.
The well will test the potential of the deep carboniferous age horizon reservoir.