TAQA Bratani ups North Sea interests

TAQA Bratani has acquired four exploration blocks in the Northern North Sea from Shell UK and Esso Exploration and Production (UK).

Offshore staff

ABU DHABI, UAE -- TAQA Bratani has acquired four exploration blocks in the Northern North Sea from Shell UK and Esso Exploration and Production (UK).

This exploration acreage comprises:
P.296: part of block 210/25a; part of block 211/21a3; and all of block 211/16c
P.945: block 210/20f

The blocks are close to TAQA Bratani assets including the Cormorant Alpha, North Cormorant, Tern, and Eider producing platforms.

“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,” says Leo Koot, MD of TAQA Bratani. “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 utilizing existing infrastructure.”

09/03/2009

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