Ineos secure more North Sea gas fields

Ineos have bought up more gas fields in the North Sea
Ineos have bought up more gas fields in the North Sea

Petrochemical giant Ineos has increased its ownership of North Sea gas fields this week after purchasing another 25 per cent interest in the Clipper South area.

Rob Nevin, Ineos Upstream chairman said: “We are very pleased to have been able to acquire this additional share in the Clipper South Gas Field from Fairfield Energy, which is another step forward as we continue to pursue opportunities in the North Sea.” Upon completion of this acquisition Ineos will own a combined interest of 75 per cent in Clipper South.