Media

New managing director formally joins TAQA’s UK business

July 1, 2013, Abu Dhabi, United Arab Emirates – TAQA, the global energy company based in Abu Dhabi, today announced that Pete Jones has today formally joined TAQA to succeed Leo Koot as managing director of TAQA’s UK oil and gas business.Mr Jones joins TAQA from Marathon Oil Corp. where he held the position of Regional Vice president – Wyoming. During his career at Marathon, he also held various roles including Managing Director – UK, responsible for the company’s UK operations which included the Brae field and Devenick tieback. Mr Jones has a Master’s Degree in Operations Research (Eng) from the University of Birmingham and is a British national.He comments: “TAQA has probably one of the best portfolios in the UK and there are great opportunities in exploration and development, the acquisition environment and asset development.”Mr Koot has been appointed Managing Director of TAQA in Iraq and will be responsible for all of TAQA’s operations in Iraq.-ENDS-Notes to editors:Established in 2005, TAQA is a diversified international energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA).TAQA’s business is made up of three operating divisions spread across the entire energy value chain: Power generation & Water desalination; Oil and Gas exploration & production; and Energy Solutions.TAQA’s vision is to deliver ‘Energy for Growth’: growth within the business; social and economic progress in the communities where TAQA operates; and increased value for our shareholders.Over the past 40 years the UAE and Abu Dhabi have pursued a vision embodied by progressive development, investment and the highest global standards. TAQA is proud to align its strategy both domestically and globally to Abu Dhabi’s economic vision 2030, working towards sustainable economic development. TAQA’s UK portfolio consists of a 70% interest in the Harding field, 70% in the Morrone field  and 37.03% interest in the Maclure field. In Brae, TAQA has a total interest of 45.7% in Block 16/7a, a total 50.1% interest in East Brae, and a total 65% interest in the Braemar field.TAQA also has an interest in the SAGE pipeline and onshore terminal, and the Brae-Miller Linkline. It has 100% operated equity in the Tern, Kestrel, Eider, Cormorant North, South Cormorant, Falcon and Pelican Fields. It has a combined 26.73% interest in the Dana-operated Hudson field and a 24% interest in the Sullom Voe Terminal. TAQA also operates the Brent Pipeline System.