The richest in the UK expects oil and gas areas to North Sea


James Ratcliffe, founder and chairman of IneosPhotocopy
Getty Images

Caption of pictures

He is the founder and chairman of Ineos by Jim Ratcliffe

The richest person in Britain, James Ratcliffe, is hoping to expand his barrel on the North Sea by going to # buying oil and gas fields from the people of ConocoPhillips SA.

Mr Ratcliffe, Ineos and ConocoPhillips, have confirmed that they are in special speeches.

Amongst existing resources, 6% of Chonoco are in the Clair area, west of Shetland.

There may be 7 billion barrels of oil in the field, according to BP chief executive, Bob Dudley.

BP recently purchased a 16.5% complaint in the Clair range from ConocoPhillips, which accounts for 45.1% of UK oil spectrum.

  • Rich List 2018: The most richest person in the UK is Jim Ratcliffe
  • Jim Ratcliffe: Turning wheels to gold

Reports indicate that the stock that ConocoPhillips can sell is worth £ 3bn (£ 2.3bn).

They do not include the company's business limit in Teesside or to a commercial trading firm based in London.


Caption of pictures

Clair oil range lies 46 miles west of Shetland Islands

North Atlantic remains a very new place for Mr Ratcliffe and Ineos.

The £ 21bn billionaire is made for the richest one in the UK according to the Sunday Times wealth list, traditionally invested in special chemicals.

Ineos owns a Grangemouth oil spinning site in Scotland that makes a range of petrochemical materials used in a wide range of materials, including bottles, a food pack and the medicine industry.

Ineos received a number of Northern Ocean gas areas in 2015 before buying an oil and gas industry with Dong Energy in Denmark for a £ 1bn two years later.

The Sunday Times said Ineos had set up a bonus for three months of special lectures with ConocoPhillips.

Ineos refused to say.

Source link