Ancala in swoop for Apache North Sea hubs

An ca la Mid stream Acquisit ions Limited yesterday completed its acquisition of Apache’ s interests in the Scottish Area Gas Evacuation (SAGE) System and the Beryl Gas Pipeline for an undisclosed sum.

Ancala Midstream has been established by Ancala Partners, the independent infrastructure investment manager, as a platform to make and manage investments in North Sea midstream oil and gas infrastructure. The SAGE System comprises a 323- kilometre, 30 - inch bore pipeline and a gas processing terminal located at St Fergus, 65 kilometres north of Aberdeen.

Gas is transported through the SAGE pipeline and processed in the SAGE Terminal from nine gas fields, including the Beryl Field and its satellites.

Jim Halliday, chief executive, An ca la Mid stream, said he was “delighted to have closed this important investment in two major pieces of North Sea infrastructure”.