Apache completes SAGE ownership

Apache North Sea has confirmed the transfer of the ownership of the SAGE terminal at St Fergus on December 31.

By The Newsroom
Tuesday, 17th January 2012, 6:08 am

Included in the transfer of ownership were the Beryl field and the nearby associated subsea satellite fields of Nevis, Ness, Buckland and Skene.

The Scottish Area Gas Evacuation (SAGE) gas processing plant at St Fergus, the Beryl/Brae gas pipeline, interests in the non-operated Maclure, Scott and Telford fields and the West of Shetland Benbecula acreage are also included in the transfer.

James L. House, region vice president and managing director of Apache North Sea, said: “Completing this transaction while remaining focused on safe and environmentally responsible operations at both Apache and Mobil North Sea assets was the product of hard work by both the Apache and Mobil North Sea teams, along with cooperation from regulators.

“We look forward to a new period of sustainable growth with a strong, combined team.”

The majority of the personnel working at the SAGE terminal transferred to Apache in accordance with UK regulations following appropriate staff consultations.

The SAGE management team does not expect the transfer of operations to Apache ownership to make any difference to the local community and our neighbours.

John Arthur, SAGE gas plant manager, said: “SAGE is an important asset for Apache. We like to consider ourselves as being good neighbours and over the years we have maintained an extremely high local labour content and developed an excellent community investment programme.”

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina.