TAQA Takes Total's Stake in North Sea Blocks

TAQA Bratani signed a Sale and Purchase Agreement for Total's entire equity stake of 81% in production licenses for two Blocks 9.226 210/15a and P.1021 Block 210/20d in the Otter field development area. The field, adjacent to TAQA Bratani's existing North Sea interests, is a subsea tie-back to the Eider platform. Average daily production year-to-date from the Otter field is about 8,000 bopd. The Otter field lies 93 miles (150 kilometers) northeast of Shetland, in a water depth of 597 feet (182 meters), and is considered to be one of the deepest subsea tie-backs in the UK sector of the North Sea.

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