The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange , announced today that its wholly owned subsidiary, TAQA Bratani Limited, has completed an acquisition of four exploration blocks in the Northern North Sea from Shell U.K. Limited and Esso Exploration and Production (UK) Limited (“the Vendors”). The sale completed for an undisclosed consideration.
This exploration acreage comprises:P.296: Block 210/25a Rest of Block; Block 211/21a3 Rest of Block; Block 211/16c All
and
P.945: Block 210/20f All
and lies close to interests acquired in 2008 by TAQA Bratani, which includes four oil producing platforms - Cormorant Alpha, North Cormorant, Tern and Eider.
This transaction has received regulatory approval and consent from third parties.