Tuesday 08, July 2008 by Mike Gallagher

Taqa acquires Shell and Esso’s North Sea assets

The Abu Dhabi National Energy Company PJSC (Taqa), a publicly listed company on the ADX, said that its wholly owned subsidiary, Taqa Bratani has signed a sale and purchase agreement with Shell and Esso Exploration and Production to purchase the equity pertaining to operating licenses for six offshore fields and two non-operated subsea tie-backs situated in the Northern North Sea. However, it did not say how much it was going to pay for them.