INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 51 manufacturing facilities in 11 countries throughout the world.

In January 2018, INEOS confirmed the launch of six new oil and gas businesses. The announcement followed the completion of a number of North Sea Oil and gas acquisitions that began in 2015. INEOS is a top ten company in the North Sea and the biggest privately-owned exploration and production business operating in North West Europe.

It has taken INEOS just two years to grow a substantial Oil & Gas business across onshore and offshore activities. In addition to the acquisition of DEA UK and Fairfield Energy Assets, it has acquired DONG Energy’s Oil & Gas business, the Forties Pipeline System from BP, significant onshore and offshore exploration licenses and expanded its own Upstream Services Business.

INEOS Oil & Gas now employs around 1,000 employees across 13 producing assets located in Norway, Denmark and the United Kingdom. It has a daily production of 95,000 boe (barrel of oil equivalent) and has extensive gas reserves estimated to be between 3 – 5 trillion cubic feet of gas in place.

INEOS is also the largest holder of shale gas licenses in the UK and is well positioned to pursue significant growth opportunities through further developments and exploration across all locations. 

In May 2017, INEOS agreed to buy the entire Oil & Gas business from DONG Energy. The strong portfolio of assets is built around three world class fields; Ormen Lange was the largest field in the DONG portfolio and the second largest gas field in Norwegian waters, Laggan-Tormore is a new gas field West of Shetland which came on-stream early 2016 and Syd Arne is a large oil field in Denmark. Along with the existing production the portfolio also features several large scale oil & gas developments in Denmark, Norway and UK (West of Shetland).   

INEOS Oil and Gas has the overall responsibility for all of INEOS’ Oil and Gas related activities. INEOS Oil & Gas now includes the following six business units:

• INEOS Oil & Gas Denmark consists of operated and non-operated oil and gas assets located in Denmark. The business is headed by Flemming Horn Nielsen as its CEO with offices and operations in Esbjerg and Gentofte, Denmark.
• INEOS Oil & Gas Norway consists of the assets located in Norway. The business is led by Sebastian Koks Andreassen as CEO with its office located in Stavanger, Norway.
• INEOS Oil & Gas UK consists of the INEOS Breagh assets and all assets mainly in the West of Shetlands acquired from DONG Energy. The business is led by David Brooks as CEO, and is based in London, UK.
• INEOS FPS consists of the Forties Pipeline System, the Kinneil terminal and gas processing plant, the Dalmeny terminal, sites at Aberdeen, the Forties Unity Platform and associated infrastructure. This strategic UK asset that delivers almost 40% of the UK’s North Sea oil and gas is led by Andrew Gardner as CEO, with operations in Falkirk and Aberdeen, UK.
• INEOS Shale is focused on onshore gas development. It is the biggest player in the UK onshore shale gas sector with access to over 1.3 million acres of prime shale exploration areas in England and Scotland. Ron Coyle is the CEO, and the business is based in London, UK.
• INEOS Upstream Services is a new venture that will provide a broad range of high quality upstream services to INEOS and the wider upstream market. The fleet currently consists of onshore seismic surveying equipment and onshore well stimulation and well testing equipment. The business is led by Geoff Holmes as COO and is located in London, UK. 

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