MOSCOW (MRC) -- Ineos said repairs to Britain’s Forties crude pipeline were underway on Wednesday, after a crack was found that closed the pipeline on Dec. 11., reported Reuters.
The pipeline normally carries around 450,000 bpd of Forties crude to Britain, along with a third of the UK’s total offshore natural gas output.
Ineos has a timescale of two to four weeks for the repairs starting from Dec. 11.
The firm has a preferred option for the repairs which it is currently working through and has had some parts specially fabricated in case it needs to try different options, it said.
As MRC informed before, in November 2017, Ineos completed its acquisition of the Forties Pipeline System (FPS) and associated pipelines and facilities from BP. The 235-mile pipeline system links 85 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.
Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC