Middle East Economic Survey

VOL. LI

No 28

14-July-2008

UAE

TAQA Acquires Shell/Esso Northern North Sea Assets

Abu Dhabi National Energy Company (TAQA) announced on 7 July that its wholly owned subsidiary TAQA Bratani has signed a sale and purchase agreement with Shell UK and ExxonMobils subsidiary Esso Exploration and Production to purchase their joint interests in the operating licenses for six offshore fields and two non-operated subsea tie-back developments in the Northern North Sea. The value...