RIYADH: Abu Dhabi National Energy Co (TAQA) on Saturday took over operation of the 20,000-barrels-per-day Harding field and output platform as part of an acquisition of BP assets in the North Sea agreed in 2011.
The $1.3 billion deal involved TAQA buying BP's Central North Sea holdings in Maclure and Devenick fields as well as the 70-percent stake in Harding.
It also included raising TAQA's non-operated interests in the Brae area and associated infrastructure.
TAQA, in which the Abu Dhabi government holds a 75-percent stake, already operates the North Sea's Brent pipeline system.
TAQA said in an emailed statement that the acquisition of Devenick field is expected to be completed at a later date. (Reuters)
