ScottishPower has spent GBP11.5 million to acquire the 4.1 billion cubic feet Hatfield Moor gas storage facility from Edinburgh Oil & Gas Limited.
The facility, located in South Yorkshire, is one of the few consented and operating onshore gas stores in the UK. It is used solely by ScottishPower to store gas purchased in summer and autumn for release during winter peak demand.
ScottishPower has used Hatfield Moor since signing a long-term agreement with field operator Edinburgh Oil & Gas Limited in 1999 and already owns the adjacent and linked compressor station at Lindholme. The acquisition allows ScottishPower to take ownership of the well site, related equipment and production licenses.
Purchase of the store enables ScottishPower to take full ownership and control of Hatfield Moor gas storage facility and invest in improving its operational capabilities, such as flow rates and increasing the working capacity, commented John Campbell, ScottishPower’s energy wholesale director.