Le Lézard
Classified in: Oil industry, Business
Subject: TNM

ArcLight Capital Acquires Interest in Deepwater Perdido Platform from BP

BOSTON, Jan. 3, 2018 /PRNewswire/ -- ArcLight Capital Partners announced today that one of its affiliates has acquired a 26.5% non-operated interest in the Perdido Regional Host from BP Exploration & Production Inc. The Perdido Regional Host is the only deepwater production facility serving the Gulf of Mexico's Perdido Foldbelt Trend, one of the most prolific and strategic plays in the Gulf of Mexico.   

The facility, which is operated by Shell Offshore Inc., is an offshore spar moored in southern Alaminos Canyon in approximately 8,000 feet of water, located approximately six miles from the US/Mexican maritime border and 220 miles south of Galveston, Texas. 

"We are very pleased to complete another transaction with BP, our third in the last six months," said Dan Revers, Managing Partner and Founder of ArcLight.  "This investment in Perdido is a continuation of our strategy of identifying and executing quality investment opportunities in the deepwater Gulf of Mexico.  Perdido represents a world class infrastructure asset supported by strong, predictable cash flows from supermajor counterparties producing from established fields."

About ArcLight

ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, the firm helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. ArcLight has invested over $19 billion in over 100 transactions since inception. Based in Boston, the firm's investment team employs a hands-on value creation strategy that utilizes its in-house technical, operational, and commercial specialists as well as the firm's 850-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.

SOURCE ArcLight Capital Partners

These press releases may also interest you

at 15:30
The Educational Commission for Foreign Medical Graduates (ECFMG®) and its Foundation for Advancement of International Medical Education and Research (FAIMER®) have been recognized as Top Workplaces by the Philadelphia Media Network. ECFMG and FAIMER...

at 15:26
Reverse Mortgage Lending, Inc., a San Diego?based HECM provider, announced today it ended 2017 with record growth and received top honors from partner Liberty Home Equity Solutions. Reverse Mortgage Lending CEO Collin Knock attributed the growth to...

at 15:18
Bell Techlogix, a leading IT managed services and solutions company, announced today that it will be one of Pippa Mann's sponsors for the Indy 500.  Pippa Mann is returning to Dale Coyne Racing for this year's...

at 15:16
Today, the Climate Bond Initiative, as part of the Third Annual Green Bond Pioneer Awards, recognized Fannie Mae as the 2017 Largest Issuer of Green Bonds in the world. The awards are a globally recognized symbol of innovation and achievement in...

at 15:15
Electro-Sensors, Inc. , a leading global provider of machine monitoring sensors and hazard monitoring systems, today announced financial results for the year ended December 31, 2017. Record revenue of $7.8 million Revenue growth of 9.3% over 2016...

at 15:15
Packaging Options Direct (POD), a division of global packaging solutions leader TricorBraun, has experienced a significant rise in website traffic and increased sales since the addition of 360-degree spin product images to its website....

News published on 3 january 2018 at 12:07 and distributed by: