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Article: TAQA North Begins Operations
- Article from:
- Al Bawaba
- Article date:
- August 16, 2007
CopyrightCopyright 2007 Al Bawaba. Provided by ProQuest LLC. (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 Canada's Northwest Territories, British ...