• 04 Aug 2009
  • Europe

TAQA takes over as operator of the north sea brent system

ABERDEEN – TAQA Bratani Limited, the UK arm of the Abu Dhabi National Energy Company PJSC (TAQA), announces today it is the new operator of the North Sea Brent System pipeline and facilities. TAQA takes over from Shell UK Exploration and Production, which held the position since mid 1970s.CommentLeo Koot, TAQA Bratani Managing Director, said: “This is an excellent fit with TAQA’s growing North Sea portfolio and underlines our commitment to being a major player among the energy producers for the UK. This is the latest step in our North Sea activity program which this year already has seen TAQA increase production from our operated assets, initiate drilling and near-field exploration.“Operating the Brent System is a serious undertaking. TAQA has recruited experienced staff and installed first class IT and systems infrastructure to enable us to advise and liaise with our Brent System Partners.”The Brent System is a partnership between companies who each own a share in the System. It consists of a proportion of the processing systems and structure on the TAQA-owned/operated Cormorant Alpha platform as well as the 150km pipeline connecting Cormorant Alpha to the BP operated Sullom Voe Oil Terminal in the Shetland Islands. TAQA owns a 24% share in the Terminal.The Brent System is responsible for transporting around 100,000 bbls/d of oil from some 20 North Sea fields, accounting for almost 60% of the Sullom Voe Terminal input and around 8% of UK offshore oil production. – ENDS -Contact Information for Media: About 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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