The Abu Dhabi National Energy Company (TAQA) has announced that it has increased its interests in the North Sea by acquiring four exploration blocks from Royal Dutch Shell and ExxonMobil.
In a statement TAQA Bratani Limited, a wholly owned subsidiary of the Abu Dhabi-based company said the exploration acreage comprises P.296: Block 210/25a Rest of Block; Block 211/21a3 Rest of Block; Block 211/16c All and P.945: Block 210/20f All.
“This deal further underlines TAQA’s commitment to developing the remaining reserves in the North Sea and is an ideal fit with our existing equity,” Leo Koot, MD of TAQA Bratani, said.
“These blocks lie adjacent to the Tern and Kestrel fields purchased by TAQA in the Northern North Sea last year and as such represent a clear opportunity to enhance our production while utilising existing infrastructure.”
“This will not only maximise indigenous production for the UK but will also ensure our environmental impact is kept to a minimum,” he added.
Koot also said that TAQA’s continued investments in the North Sea over the past year
Were a sign that the company wanted to further develop its upstream operations in the area.
(Arabian Oil and Gas)