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Article: TAQA North Begins Operations.(Abu Dhabi National Energy Company )(Statistical data)
- Article from:
- Middle East
- Article date:
- August 16, 2007
CopyrightCOPYRIGHT 2007 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Beginning today, Abu Dhabi National Energy Company (ADSM: TAQA) will own and operate TAQA North Ltd, following the completion of the acquisition of Northrock Resources Ltd, a subsidiary of the US firm Pogo Producing Company (NYSE: PPP) for US$2 billion.
The new entity, TAQA North, is set to provide TAQA with an additional 142 million barrels of proven oil and gas reserves, over 37,000 boe/d (gross) and a best-in-class exploration and production team.
As a Calgary-based oil and gas exploration production company, TAQA North has access to significant development and exploration opportunities in Saskatchewan and Alberta, with key exploration plays in ...