ArcLight Capital Partners, the general partner of American Midstream Partners, announced that it plans to reduce its 51.7% interest in the Delta Housefloating production system by 25% for a price of USD 162 million. Delta House is located in the US Gulf of Mexico’s Mississippi Canyon and is a fee-based system connecting associated oil and gas production with pipelines. The company expects the transaction to close before the end of the year.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.