Shell acquires stakes in three Gulf of Mexico pipelines from BP

Shell acquires stakes in three Gulf of Mexico pipelines from BP

Shell Midstream Partners, a subsidiary of Royal Dutch Shell, on Wednesday announced it had acquired stakes in three Gulf of Mexico oil and gas pipeline operators.

The Houston-based company – set up by Shell for exactly the purpose of acquiring pipelines and other midstream assets – secured the stakes from BP.

It took 10% interests in Proteus Oil Pipeline Company and Endymion Oil Pipeline Company, plus a 1% interest in Cleopatra Gas.

Proteus and Endymion both have pipelines in the Mississippi Canyon area of the Gulf and each has capacity to produce 425,000 bpd.

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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