BP has agreed to sell its Forties Pipeline System (FPS) business to Ineos for US $250m. The deal includes the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, BP said, listing them as follows: FPS equipment on Apache's Forties Charlie platform; Forties Unity platform; BP's interest in the GAEL N (54.3) and GAEL S (30.5) pipelines; 36-inch Forties sea-line; redundant 32-inch sea-line; St Fergus-to-Cruden Bay natural gas liquids line; Cruden Bay terminal; 36- inch Cruden Bay-to-Kinneil land-line; Netherley, Brechin and Balbeggie pumping stations; Kinneil terminal; LPG storage and export at Grangemouth and Grangemouth docks; Kinneil-to-Dalmeny pipelines; Dalmeny tank farm and pipelines to Hound Point; and Hound Point jetties.
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