Boost for Forties oil and gas pipeline as Ineos invests £1 billion in UK projects

Manufacturing giant Ineos is to invest £1 billion in the UK in projects it says will keep its British operations world-class for a generation.

The biggest investment of £500 million is in the Forties Pipeline System (FPS), which will transform the asset and extend the life of the pipeline by at least 20 years, into the 2040s.

Ineos said it intends to overhaul the reliability of the 310-mile (500 kilometre) North Sea pipeline system, including modernising the environmental systems.

Opened in 1975, FPS is a strategic UK asset which can transport up to 600,000 barrels of North Sea oil onshore for refining every day. The pipeline transports 40% of the UK’s oil and gas to the mainland.

Source: Energy-pedia