TAQA Gets Approval for Cladhan Development

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TAQA Bratani reported late Wednesday that it has received approval from the UK government for its development plan for the Cladhan field in the North Sea.

The initial phase of development of the field – which is located on Blocks 210/29a and 210/30a in the northern North Sea – will consist of two producer wells and one injection well.  Cladhan is expected to produce over 17,000 barrels of oil equivalent per day initially with first oil expected in the first quarter of 2015. Production will be tied back to TAQA's Tern Alpha platform which lies some 11 miles northeast of the Cladhan field.

TAQA Bratani Managing Director Leo Koot commented in a company statement:

"The Cladhan development is the third field that TAQA has developed and the largest project to date. Developing Cladhan as a tie back to Tern supports TAQA's strategy to invest in our infrastructure as we recognise the crucial part it plays in allowing us to maximise recovery from the northern North Sea."

TAQA current has a 40.1-percent stake in the Cladhan field but an agreement to acquire further equity in the field from Sterling Resources could see its interest increase to 52.7 percent.



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