OGJ Newsletter

OGJ Newsletter ogj-newsletter GENERAL INTEREST — Quick Takes TAQA to buy UK Central North Sea assets from BP Abu Dhabi National Energy Co. (TAQA) agreed to buy a package of UK Central North Sea oil and gas fields from BP PLC for $1.06 billion along with anticipated future payments that BP said could exceed $250 million over 3 years. TAQA agreed to buy BP's operated interests in Maclure, Harding, and Devenick fields and its nonoperated interest in Brae complex and Braemar field. The future payments depend on oil prices and production. Marathon Oil UK Ltd. operates the Brae complex (OGJ, Oct. 15, 2012, Newsletter). Subject to third-party and regulatory approvals, BP and TAQA expect the tr...

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