Taqa aims for first oil from N Sea in Q1 2015
Dubai, April 24, 2013
Britain has approved plans by Abu Dhabi National Energy (Taqa) to develop part of the Cladhan field in the UK North Sea, with first oil expected in early 2015, the company said in a statement on Wednesday.
Cladhan is expected to produce over 17,000 barrels of oil equivalent per day initially, with first oil expected in the first quarter 2015, the United Arab Emirates based company said.
"The Cladhan development is the third field that Taqa has developed and the largest project to date," Leo Koot, managing director of Taqa's UK business, said.
Taqa has a 40.1 percent stake in the Cladhan field but has agreed to acquire further equity from Sterling Resources (UK) Ltd in return for providing funding to Sterling to take the project through development.
Production will be tied back to Taqa's Tern Alpha platform. – Reuters
More Energy, Oil & Gas Stories
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output