Ineos investment a show of faith in North Sea’s future By Mark Lammey February 28, 2019, 8:59 am [[title]] [[text]] An error occurred. Please try again. [[success]] Email address Sign up Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders. FPS currently transports more than 400,000 barrels of North Sea oil to shore every day, but has a capacity of 600,000. Ineos bought the pipeline system from BP for £190 million in October 2017. >> To read more on Energy Voice, click here << Already a subscriber? Sign in [[title]] [[text]] Close More from the Press and Journal Sir Ian Wood: Why cutting North Sea oil and gas output would be counter-productive Fortunes transformed for North Sea operators – annual reports BP targeting 26m barrels of oil from North Sea Murlach field Shell gazumps smaller rival Tailwind Energy in North Sea field stake sale by BP
