The Highland oil terminal jetty, previously under the control of Repsol Sinopec Resources, will be operated as an extension to the Port of Nigg – an established deep-water port servicing oil and gas, offshore renewables and the wider energy markets.
The additional ultra-deep water berth will extend the capability of the port and provide additional flexibility in berthing options during periods of high activity.
Repsol Sinopec will continue to operate the main oil terminal and to work towards final decommissioning of its facilities.
Global Energy Group chairman Roy MacGregor said: “I am delighted that we have finally concluded the deal and are now in possession of a key asset within the Cromarty Firth which may otherwise have been decommissioned.
"The Nigg Jetty is a valuable addition to our facilities and not only increases our deep-water quayside capacity, but also enables us to consider bringing new business lines to the port, creating further employment for the area.”