American Midstream Partners take minority stake in Delta House

American Midstream Partners take minority stake in Delta House

Denver-based pipeline operator American Midstream Partners announced on Monday it has closed the acquisition of a minority interest in the Delta House floating production system (FPS).

Delta House, a water independent, semi-submersible FPS , has been operating in the US Gulf of Mexico since April and has capacity to process 100,000 barrels of oil per day (BOPD) and 240 million cubic feet (MMCFD) of gas per day.

It is operated and partly owned by Louisiana-based LLOG one of the largest privately owned energy companies in the US.

American Midstream Partners paid $162m for its share which it bought from an affiliate of ArcLight Capital Partners, a Boston-based private equity firm focused on energy infrastructure investments.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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