Gas production
Producing upstream supplies of gas
In 2011 we acquired North Sea natural gas assets and infrastructure from Hess Limited. This acquisition was a measured entry by SSE in to non-operated upstream assets. Our intention is to increase our presence in the upstream fuel sector if assets can be acquired for a fair price. In doing so, we aim to diversify further our sources of primary fuel and provide a hedge for our gas-fired generation and gas supply activities.
Gas Production priorities in 2012/13 and beyond
In seeking to pursue further opportunities to secure upstream gas assets we will:
- focus on mature, producing, gas-weighted assets; and
- consider opportunities that include operatorship.
As well as pursuing such opportunities directly, we will work with Faroe Petroleum plc, in which we have a 5% holding. Future investment decisions will continue to be considered in a careful, measured way, consistent with our financial principles and, therefore, only where fair value can be secured.