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Taqa buys Shell, Esso oil fields
- United Arab Emirates: Wednesday, December 03 - 2008 at 14:32
Abu Dhabi National Energy Co (Taqa) has announced that its subsidiary, Taqa Bratani, has completed a $631m deal to buy seven oil fields in the northern North Sea from Shell UK and Esso Exploration and Production Ltd. The deal, announced in July, includes 100% interest and operatorship of the Tern, Kestrel, Eider, Cormorant North, South Cormorant and Pelican Fields. It also includes a combined 26.73% interest in the Dana-operated Hudson field, together with a 16% interest in the Brent System and a 24% interest in the Sullom Voe Terminal.
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Jeff Florian, Senior ReporterWednesday, December 03 - 2008 at 14:32 UAE local time (GMT+4)
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