Ineos enters North Sea waters

Ineos is to acquire all of the UK North Sea gas fields owned by the DEA Group, the German-based oil and gas company owned by the LetterOne Group. The fields, including the Breagh and Clipper South fields in the Southern North Sea, account for 8% of the UK’s annual gas production. Ineos operates Scotland’s largest manufacturing complex at Grangemouth, which is the only refining/petrochemicals complex directly attached to the North Sea, states the company.