TAQA Energy acquires DSM Energie Holding

Offshore staff

ABU DHABI, UAE -- TAQA Energy has acquired DSM Energie Holding from Life Royal DSM for $414 million.

The sale includes non-operated interests in the pipeline company Noordgastransport (NGT), three pipelines, and 20 producing oil and gas fields in the Dutch North Sea.
“Increasing our midstream operations, alongside our European footprint, is a key objective for TAQA’s development into a global energy company,” says Paul van Gelder, MD for TAQA Energy. “This acquisition meets both of these criteria. Not only does it bring a new family of attractive assets, but it also provides TAQA Energy with excellent commercial opportunities and access to key relationships that will help develop our position as a pan-European midstream player.”

10/01/2009