NSI acquires 8% of Vestprosess DA from Shell

North Sea Infrastructure AS (NSI) is pleased to announce that it has successfully closed a transaction with A/S Norske Shell for purchase of Shell’s 8% participating interest in Vestprosess DA.

North Sea Infrastructure AS (NSI) is pleased to announce that it has successfully closed a transaction with A/S Norske Shell for purchase of its 8% participating interest in Vestprosess DA, based on an all cash transaction.

NSI is a Norwegian based company, whose strategy is to develop a portfolio of midstream assets related to the Norwegian Continental Shelf. NSI already holds a 13,7% participating interest in the Nyhamna Joint Venture.

Peder Sortland, CEO of NSI states: “We are pleased to do yet another transaction with Shell and as such delivering on our strategy to build a diversified NCS portfolio of gas infrastructure assets.”

The majority owners of NSI are Danish pension funds managed by AIP Management P/S (AIP), which manages approx. 3 EUR billion in direct infrastructure investments.