Operis were pleased to provide a formal model audit including a tax and accounting review for the refinancing of the Forties Pipelines System for INEOS.

In 2017, INEOS completed its acquisition of the Forties Pipeline System and associated pipelines and facilities from BP. The pipeline system links over 80 North Sea oil and gas assets to the UK mainland and the INEOS site in Grangemouth, Scotland, delivering almost 40% of the UK’s North Sea oil and gas production. Significant investment in the system will prolong the life of the pipeline system by at least 20 years, supporting the North Sea production into the 2040s. This will allow the pipeline system to transport up to 600,000 barrels of North Sea oil onshore for refining every day.

We have worked with INEOS previously on projects such as the initial acquisition of the Forties Pipeline System as well as the acquisition of 15 oil and gas producing assets for INEOS Upstream in 2017.

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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