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FinancialNews


  • 02-06-13

    TAQA acquires North Sea BP field

    (MENAFN) Abu Dhabi National Energy Co (TAQA) stated in an email that as part of a USD1.3 billion deal, the Abu Dhabi firm took over British Petroleum's North Sea field, reported Arabian Business. TAQA added that after aqcuiring the Harding field, which produces 20,000 barrels a day, and its platform, it would also acquire BP's Devenick field at a later stage. It is worth noting that the USD1.3 billion deal to acquire BP assets in the North Sea was agreed upon by the two firms in 2011.

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