• 02 Sep 2008
  • Europe

TAQA snaps up new home in Aberdeen

Anu Dhabi, United Arab Emirates – The Abu Dhabi National Energy Company (TAQA) has cemented its long-term commitment to Aberdeen by securing a 10-year lease on a new high-profile office at Arnhall Business Park, Westhill.The move comes after TAQA announced it had entered into a Sale and Purchase Agreement with Shell U.K. Limited and Esso Exploration and Production (UK) Limited 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.TAQA has signed the long-term lease for Pavilion One at Arnhall with Knight Property Group. The 42,000 square foot building spans four floors of high-specification office accommodation.Having established a presence in Aberdeen in 2007, the move to Westhill provides the accommodation necessary to house the UK office of this rapidly growing global energy company.Worldwide, TAQA has investments and operations totaling more than £12 billion across the energy spectrum (power generation, water desalination, upstream oil and gas, pipelines, and gas storage).Leo Koot, Managing Director of TAQA Bratani said: “We look forward to moving into our new UK office at Arnhall Business Park. It is the perfect location for us as we expand our operations in the North Sea. It is important that we can provide our growing team with modern, spacious accommodation and this is precisely what we achieve through Arnhall.”James Barrack, Chairman and Managing Director of Knight Property Group, said: “We are pleased to welcome TAQA Bratani to Arnhall Business Park. TAQA brings a wealth of expertise and job opportunities to the city and their occupancy at Arnhall showcases the high-level business benefits offered by this attractive site. Business is thriving in Aberdeen’s Westhill area and we will be announcing further deals for Arnhall very soon.”- ENDS -Contact Information for Media:Allan Virtanen
TAQA Media Relations, Abu DhabiTel +971 2 691 4894; Mob +971 56 685 2717
Allan.Virtanen@taqa.comAbout TAQAEstablished 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 emerging & alternative energy technologies.Power & Water: TAQA is one the largest independent power producers in the world and the majority owner of the facilities that provide 98% of the water and electricity requirements in Abu Dhabi. TAQA’s power plants are located in the UAE, Morocco, Oman, Saudi Arabia, Ghana, India, and USA.Oil & Gas: with operations in Canada, UK, the Netherlands, USA and Iraq, TAQA’s oil and gas business includes exploration and production, underground gas storage and pipeline transportation.Emerging & alternative energy technologies: TAQA Energy Solutions is dedicated to alternative and technology-driven energy initiatives for long-term efficient energy production and generation. 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. For more information about TAQA visit: www.taqa.com or Twitter: @TAQAGLOBAL

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