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WOOD GROUP COMMENCES $250M CENTRAL AREA TRANSMISSION SYSTEM CONTRACT

Posted on December 18, 2015

Wood Group, on 17 December 2015, commenced a new contract with CATS Management Limited, a wholly owned subsidiary of Antin Infrastructure Partners, to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea. Wood Group PSN will have day-to-day responsibility for the terminal and pipeline for up to 10 years, under the $250m contract.

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ANTIN INFRASTRUCTURE PARTNERS AGREES TO ACQUIRE CENTRAL AREA TRANSMISSION SYSTEM (CATS) STAKE FROM BP

Posted on April 23, 2015

Antin Infrastructure Partners (‘Antin IP’) has announced that it has agreed to increase its stake in the Central Area Transmission System (CATS). Antin IP will acquire BP’s 36.22% share of the CATS system and will own 99% of the business, subject to the receipt of regulatory and other third party approvals. The investment will follow Antin IP’s acquisition of a 62.78% stake in CATS in July 2014.

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