dcsimg

TAQA discovers oil in North Sea field

  • United Arab Emirates: Monday, February 18 - 2013 at 04:19

Abu Dhabi National Energy Co (TAQA) has announced a new oil discovery in a new North Sea field off Scotland, Reuters has reported. Two columns of oil have been found since drilling began in November at the Darwin field near the Shetland Islands, said TAQA, which acquired a 50% interest in the exploration area in early 2012. Darwin is close to the TAQA-operated Cormorant South, North Cormorant and Pelican fields in the Northern North Sea. The state-owned firm said it was still evaluating Darwin's reserve potential and that work on one well had been suspended pending further tests.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.

In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.