2009-09-25-2009-09-03

Transaction Type
Announce Date
Post Date
Estimated Price
MM
Description

Acquired interests in four exploration blocks in Northern North Sea.

The Abu Dhabi National Energy Co. PJSC (Taqa), (Abu Dhabi: TAQA) via subsidiary Taqa Bratani Ltd. has acquired four exploration blocks in the Northern North Sea from Shell U.K. Ltd. and Esso Exploration and Production (UK) Ltd. for an undisclosed price. This exploration acreage comprises P.296, Block 210/25a, Block 211/21a3, Block 211/16c and P.945 Block 210/20f. Leo Koot, managing director Taqa Bratani, says: "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. 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."