Ancala Midstream Acquisitions (“Ancala Midstream”) has secured a life-of-field contract to process the gas sourced from the Finlaggan field owned by Zennor Pathway (“Zennor”). The gas will be processed through Ancala Midstream’s Scottish Area Gas Evacuation (SAGE) terminal in St. Fergus, north east Scotland.
The multi-million-pound contract with Zennor will help ensure the SAGE system remains a competitive option for further UK and Norwegian gas developments through to the mid-2030s.
Ancala Midstream was established by Ancala Partners, the independent, mid-market infrastructure investment manager, as a platform to make and manage investments in North Sea midstream oil and gas infrastructure.
Jim Halliday, Chief Executive of Ancala Midstream, commented:
“We are delighted to have secured this long-term contract to provide processing services to the Finlaggan field. We have worked closely with Zennor throughout, creating an offer that has facilitated the optimum development of the field and delivery of the Oil and Gas Authority’s objective of maximising economic recovery from the North Sea.”
Securing the Finlaggan contract follows the development of other sources of gas from the Beryl area through the SAGE system.
Ancala Midstream has grown its inventory of contracted gas volumes by some 250 billion cubic feet since taking operatorship of the SAGE system, demonstrating its commitment to offering reliable service and competitive terms to customers in the catchment area of SAGE.
Martin Rowe, Managing Director, Zennor, commented:
“We greatly appreciate the support we have received from the Ancala Midstream team in putting the SAGE processing agreement in place for the Finlaggan field, which is a key element of our growing portfolio.”