Four more North Sea blocks picked up by TAQA

An acquisition of four exploration blocks in the UK sector of the Northern North Sea was concluded recently by TAQA Bratani Ltd., a wholly-owned subsidiary of Abu Dhabi National Energy Co, from Shell U. K. Ltd. and Esso Exploration and Production (UK) Ltd.

It should be noted that Blocks 210/25a, 211/21a3, 211/16c and 210/20f are included in the exploration acreage, all of which lie close to interests TAQA Bratani acquired in
2008, including four oil producing platforms - Cormorant Alpha, North Cormorant, Tern and Eider.

The regulatory approval and consent from third parties was received for the transaction, but the sale was concluded for an undisclosed amount.

TAQA Bratani Managing Director Leo Koot said: "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. This will not only maximize indigenous production for the UK, but will also ensure our environmental impact is kept to a minimum."