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FINANCIAL NEWS
TAQA acquires North Sea BP field
02 Jun 2013
(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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