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Article: Taqa plans higher North Sea oil output.
- Article from:
- Gulf News (United Arab Emirates)
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 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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Byline: Staff Report
Dubai: Abu Dhabi-owned energy company Taqa Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said Thrusday. Taqa, the UK arm of Abu Dhabi National Energy Company PJSC, has already amassed more than $2 billion (Dh7.34 billion) in North Sea assets since its foundation in 2005 and plans further growth. Managing Director Leo Koot said he hoped the company would increase UK North Sea output steadily from its current level of about 45,000 barrels of oil equivalent per day (boepd), which is split into roughly 80 per cent oil and 20 per ...
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