LONDON (Dow Jones Newswires), July 4, 2011
Abu Dhabi National Energy, or Taqa, said Monday its U.K. unit has taken control of the Otter field, the first phase of a transaction agreed last year with French major Total to acquire its 81% stake in two North Sea blocks.
The field is located in blocks P.226 Block 210/15a and P.1021 Block 210/20d, adjacent to Taqa Bratani's existing North Sea interests purchased in 2008. Otter is linked to the Taqa Bratani-operated Eider platform, the firm said Monday.
"Becoming operator of the Otter field underlines Taqa Bratani Ltd.'s long-term commitment to the North Sea," said Leo Koot, managing director of Taqa Bratani.
Copyright (c) 2011 Dow Jones & Company, Inc.
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