Centrica Storage Wins GBP120 Million Contract to Process Tolmount Field Gas
August 20 2018 - 5:35AM
Dow Jones News
By Ian Walker
Centrica PLC (CNA.LN) said that its subsidiary, Centrica Storage
Ltd., has been awarded a 120 million-pound ($152.8 million)
contract by the Tolmount joint venture and infrastructure partners
to process gas from the Tolmount field in the southern North
Sea.
The owner of British Gas said in a statement on its website
dated Saturday that the contract will extend the life of Centrica
Storage's gas terminal at Easington in Yorkshire until at least
2030.
The Tolmount gas field has an estimated 500 billion cubic feet
of gas reserves and could produce up to 300 million cubic feet of
gas a day, Centrica said.
Centrica Storage will start to process the gas in the winter of
2020, the company said.
The Tolmount joint venture and infrastructure partners are
Premier Oil PLC (PMO.LN), Dana Petroleum and Humber Gathering
System Ltd.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
August 20, 2018 05:20 ET (09:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Centrica (PK) (USOTC:CPYYY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Centrica (PK) (USOTC:CPYYY)
Historical Stock Chart
From Apr 2023 to Apr 2024
